Stewart, Colbert Renew Through 2012

Conan O'Brien may be coming to cable, but Jon Stewart and Stephen Colbert aren't going anywhere. Comedy Central has re-signed its late night stars to a new contract that'll keep them on through the next presidential election. “That's a big deal for us,” network exec Doug Herzog tells the New York Times. “For us, election years are like Olympic years.”

Herzog said he wasn't worried about competition from the red-haired one. “We're big admirers of Conan,” he said, but “Jon and Stephen do something different from what Conan does. … I think of myself as the manager of the '61 Yankees. I just want to keep writing Mantle and Maris into the lineup as many seasons as I can.”