A CBS producer pleaded not guilty Friday to charges that he tried to extort $2 million from "Late Show" host David Letterman.

Manhattan District Attorney Robert Morgenthau announced that Robert Joel "Joe" Halderman, 51, has been indicted on attempted grand larceny charges.

The "48 Hours Mystery" producer posted a $200,000 bail and faces five to 15 years in prison if convicted. His next court date is set for November 10.

The indictment charges Halderman, a resident of Norwalk, Conn., waited outside Letterman's home at 6 a.m. on September 9 to deliver a letter and other materials to him as he left for work. The letter threatened to reveal Letterman's affairs with staffers in a screenplay and a book unless he was paid $2 million.

"The document related then that Mr. Letterman's 'world was about to collapse about him,' as information about his private life was disclosed leading to a 'ruined reputation' and severe damage to his professional and family lives," said Morgenthau.

Letterman said he then found a package of embarrassing e-mails and photos in his limousine.

Then, Letterman went to the Manhattan district attorney's office and testified before a grand jury Thursday. The 62-year-old comedian partnered with the district attorney's office and Halderman was given a fake $2 million check at Manhattan's Essex House Hotel.

Halderman's lawyer, Gerald Shargel, was reluctant to take detailed questions about the case while leaving the courtroom Friday, but he did answer a question on how his client was doing.

"He's doing as well as can be expected. He's not dispirited. This is another side to the story," said Shargel. "I'm not telling it today, but there is another side to the story. It's not the open-and-shut case that you just heard about."

An arrest was made yesterday afternoon.

"It's been a very bizarre experience," said Letterman. "I feel like I need to protect these people, I need to protect my family, I need to protect myself, I hope to protect my job and the friends, everybody that has been very supportive through this."

On last night's show, Letterman admitted to having sex with women who work for the show. It was a strange moment where the audience was not sure whether to laugh or just listen.

"I have had sex with women who worked for me on this show.... Yes I have," he said.

Earlier this year, Letterman married his longtime girlfriend Regina Lasko, with whom he has a five-year-old son.

CBS released a statement today saying Halderman has been suspended pending the results of the investigation and that the network is "cooperating fully with authorities."