Drew Carey Named Host of The Price is Right

The Lindsay Lohan drunk driving arrest wasn't the only piece of celebrity news this morning. It was just the funniest and most tragic.

But here's something that may interest game show fans: Drew Carey will replace Bob Barker as the new host of The Price Is Right.

People magazine reports the Cleveland native confirmed his new gig as the host of the CBS game show during a taping of the The Late Show with David Letterman, which aired last night.

Barker retired last month after 35 years of hosting the daytime smash, drawing a slew of replacement contenders including Rosie O'Donnell, Ian Ziering, George Hamilton and Mario Lopez.

Carey heard about the agreement minutes before appearing on stage. He had as much to say regarding it as we do about pics of Megan Fox nude. Some things just leave you speechless.

"When do you begin?" asked Letterman, to which Carey replied: "You got me... All I know is that all the deal points we wanted got settled. And I just found out, honestly."

Carey had a ten-year run on ABC with his sitcom The Drew Carey Show and was host of the improv show Whose Line is It Anyway?

We think Kevin Federline should have gotten the job.