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ABC

has extended latenight host

Jimmy Kimmel

‘s contract for two more years, locking him up at the network through January 2017.

The “Jimmy Kimmel Live” star is in his 11th season as headliner of ABC’s latenight lineup.

The vote of confidence in Kimmel emphasizes ABC’s desire for stability in a period marked with movement at rival networks: CBS’

David Letterman recently announced his retirement

from the coveted “Late Show” desk in 2015, which

Stephen Colbert will take over

, exiting his long-running “The Colbert Report” over at Comedy Central. Shortly thereafter, “Late Late Show” host

Craig Ferguson

announced that he would be departing CBS at the end of the year.

After Jay Leno’s recent exit, NBC managed a relatively smooth transition that installed Jimmy Fallon and Seth Meyers as the hosts of “The Tonight Show” and “Late Night,” respectively.

Kimmel ‘s “Scandal”-centric April 17 telecast

set series-high ratings

for the show, averaging over 4 million viewers.

“I don’t really know how any of this happened,” Kimmel recently told Variety of his longevity at ABC. “I just stumbled from radio to TV, then I became a talkshow host.”

2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC