'Price Is Right' for Carey

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Drew Carey is stepping into Bob Barker's shoes as the new host of CBS' "The Price Is Right."

The actor-comedian said Monday during a taping of another long-running CBS show, "Late Show With David Letterman," that he has officially signed on to take over as host of the game show, ending months of speculation about who would replace Barker.

"It's a done deal; I'm the new host of 'The Price Is Right,' " Carey told Letterman to applause from the audience as Paul Shaffer and the CBS Orchestra played the game show's theme song.

Carey added that the deal was finalized only 15 minutes before he sat down to talk with the "Late Show" host. He also said he's not sure when he's going to start working on "Price" but joked that "my girlfriend was (already) on the phone with a personal shopper from Bergdorf's."

"Well, history says that this will be a nice long career for you as the host of 'The Price Is Right,'" Letterman said before agreeing with Carey's comment that "it's fun doing a show for years and years, isn't it?"

Before making his on-air debut as host of "Price," viewers will get a taste of Carey's game show hosting skills in the new CBS primetime series "Power of 10," which debuts Aug. 7. Carey told Letterman that he was approached about hosting "Price" by CBS after shooting the "Power" pilot in the spring but initially wasn't interested.

"Then they called me a month later, they said, 'What if we really' -- they called my agent: 'What if we really go after Drew,' " Carey said on "Late Show." This is like a month later after I did the pilot for 'Power of 10' and I said, 'Well, what does that mean?' and he said, 'Well, you know, I mean, maybe this kind of money.' I go, 'What kind of schedule?' He said, 'I don't know,' so I met with them and stuff, and we've been negotiating ever since."

Last week, Carey was promoting "Power" at the Television Critics Assn. press tour at the Beverly Hilton, where he told critics that he was in talks for the "Price" gig but that nothing was a done deal at that point.

The news caps months of speculation about who would replace Barker, who announced his retirement in October after 35 years as host of the game show, which is produced by FremantleMedia North America. Other candidates who had been in the running at one point or another included Mark Steines, George Hamilton, Mario Lopez, Todd Newton, John O'Hurley and former "Beauty and the Geek" host Mike Richards.

Rosie O'Donnell also publicly expressed her desire to take over as "Price" host and reportedly met with producers before deciding she did not want to relocate her family from New York to L.A. for the job.

Barker's last episode -- his 6,586th -- aired June 15.

Carey also has hosted the improvised comedy series "Whose Line is It Anyway?" and starred in his own long-running comedy series, "The Drew Carey Show."

Carey's "Late Show" interview airs Monday night. He is repped by Gersh.
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