BREAKING NEWS: Drew Carey to Take Over for Bob Barker on 'The Price is Right'

Drew Carey has just been named to replace Bob Barker as the new host of “The Price is Right!”

Carey confirmed the deal during a taping of the “Late Show” with David Letterman today.

The comic, 49, beat out such contenders as Rosie O’Donnell, George Hamilton and John O’Hurley.

Now Carey, best known as co-host of “Whose Line Is It Anyway” and star of “The Drew Carey Show,” has some big shoes to fill.

Barker retired last month at the age of 83, after 35 years on the job and more than 6,000 episodes!

You tell us: what do you think of Drew Carey as the new host?