"Before we start, it's been a bit of a wild day around here," Jon Stewart told his Daily Show audience Thursday.
He went on to weigh in on the big late-night news.
"You may remember a few years back, there was a gentleman on this program by the name of Stephen Colbert. He was — yea high, skin like porcelain. Very talented actor, writer, dancer, improvisational comedian. We would send him to the field, usually with some type of fruit and see where the day took us."
He then showed a clip of Colbert eating a banana and completely cracking Stewart up.
"By the way, we spent all day looking up old stuff on the Internet of Stephen. It's really fun. I mean working — we were working."
Stewart said, "Truly one of great pleasures of doing this show has been trying to maintain professional composure whilst Mr. Colbert is making me laugh uncontrollably.
"So the exciting news today is I no longer need a cable subscription for the privilege of watching Stephen Colbert. Our good friend Stephen Colbert will be heading to CBS to take over the Late Show from, for at least me, the comedian broadcaster who is the best there ever was, David Letterman. I think the best there ever was.
"And I think — here is the exciting thing for me — I think Stephen Colbert is up for the challenge.
"While we wish Dave the absolute best for a well-earned retirement, there's no greater joy for seeing a genuinely good man who works as hard as he can every day and deserves all the success in the world actually get that success. For Stephen, we're just thrilled.
"Here's what I'm looking forward to: to walk down Broadway and look up at the Ed Sullivan Theater marquee and seeing The Late Show With Stephen Colbert — assuming that is where they tape it. There is a theater across the street from us, which I believe is currently referred to as the Hustler Club. Both venues pretty familiar with the presence of Ed Sullivan.
"My point is this: Godspeed to both men."
Colbert did a bit on the big news, too, without actually mentioning his own big news.
"There was some big news last week that slipped through my news crack, and it concerns someone I've admired for years and, yet surprisingly, is not me!" he said.
"I'm talking about David Letterman, who last Thursday night announced his retirement. And I am going to miss this good man.
"Dave has been on the air my entire adult life. Late Night debuted my first year in college. I learned more from watching Dave than I did from going to my classes — especially the ones I did not go to because I had stayed up until 1:30 watching Dave.
"This man has influenced every host who came after him, and even a few who came before him. He's that good. And I gotta tell you, I do not envy whoever they try to put in that chair."
As the crowd chanted: "Ste-phen! Ste-phen! Ste-phen!," Colbert went on to say, "Folks, folks. Those are some huge shoes to fill, and some really big pants."
Let's see...what to tweet about, what to tweet about? I got nothing. What's new with you?— Stephen Colbert (@StephenAtHome) April 10, 2014