Kathie Lee Gifford really has good reason to celebrate this week!

Along with Closer Weekly revealing she’s set to work with her former cohost Regis Philbin again, it’s been revealed the Today anchor, 61, will join the Broadcasting & Cable Hall of Fame's class of 2015.

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Kathie Lee and Regis

Kathie Lee and her current cohost, Hoda Kotb, discussed the amazing news during their Today show this morning.

“It’s a big deal to get into the hall of fame,” Hoda said, to which Kathie Lee replied, “Thank you, sweetie. I am honored, I really am.

Prior to joining the NBC family in 2008, she and Regis worked together on The Morning Show from 1985 until 1988. It then became Live With Regis and Kathie Lee. Now known as Live With Kelly and Michael, Kelly Ripa took over Kathie Lee’s spot in 2001, and Michael Strahan joined her in 2012 — nearly one year after Regis left.

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Kathie Lee and Hoda

The Broadcasting & Cable Hall of Fame event will take place on Oct. 20. Dr. Phil McGraw and Disney CEO Bob Iger are among the inductees.

Congratulations!

Watch Hoda and Kathie Lee discuss the honor below: