CBS Corp. (CBS), home to David Letterman’s late-night program, agreed to develop a syndicated late-night talk show with Arsenio Hall that will debut late next year.

The weeknight show will be introduced on 17 stations owned by Tribune Co., including outlets in New York, Los Angeles and Chicago, CBS Corp.’s Los Angeles-based syndication division said yesterday in an e-mailed statement. None of Tribune’s stations are CBS affiliates.

The deal lets CBS offer a new late-night program to stations with other affiliations, including Fox and CW. Airing at 10 p.m. or 11 p.m., the hour-long show program by CBS Television Distribution will compete in some regions with Letterman, the network’s late-night star, and NBC’s Jay Leno, 62. Letterman, 65, agreed in April to a new contract through 2014 that beats Johnny Carson’s 30-year record.

CBS, owner of the most-watched TV network, was little changed at $31.63 in New York trading yesterday. The stock has gained 17 percent this year.

Hall, 56, who recently won NBC’s “Celebrity Apprentice,” is best known for hosting the “The Arsenio Hall Show,” a late- night syndicated talk show produced by Paramount Domestic Television, now CBS Television Distribution, which ran from 1989 to 1994, according to the statement.

Tribune, based in Chicago, is a partner on the production, CBS said. The show is already sold in the 10 largest U.S. markets and 17 of the top 20, according to the company.

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