Jon Stewart and Stephen Colbert Extend their Comedy Central Contracts

Colbert and Stewart fans need not fear, the two hosts have both signed contract extensions for their respective shows

Stephen Colbert (The Colbert Report) and Jon Stewart (The Daily Show)

Stephen Colbert and Jon Stewart have signed contract extensions running through to 2014 and 2015, respectively

The Daily Show and The Colbert Report are staying put at Comedy Central. Hosts Jon Stewart and Stephen Colbert have signed contract extensions to remain with their respective shows.

The cable channel announced Wednesday (July 25) that Stewart has signed a new deal to remain as host, executive producer and writer of The Daily Show through the middle of 2015. Colbert’s new contract runs through the end of 2014.

Colbert’s contract was due to expire at the end of this year, while Stewart’s would have been up next summer.

Both The Daily Show and The Colbert Report have seen their ratings rise this season, with The Daily Show up 10 percent in adults 18-49 and Colbert improvng by 11 percent in the demographic.