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Conan O'Brien said late night television is dying but made bold predictions about "The Late Show" host Stephen Colbert’s future during an award acceptance speech Saturday.

O'Brien, known for his "Late Night" and "Tonight Show" hosting stints on NBC from 1993 to 2010, also hosted the TBS talk show "Conan," which aired for nearly eleven years. He made the remarks during his induction into the Television Academy Hall of Fame on Saturday.

"Yes, late-night television, as we have known it since around 1950, is going to disappear. But those voices are not going anywhere. People like Stephen Colbert are too talented and too essential to go away," O'Brien said. "Stephen is going to evolve and shine brighter than ever in a new format

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