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Ryan Seacrest Staying with ‘American Idol’

Michael Buckner/Getty Images(LOS ANGELES) -- After months of speculation, Fox and Ryan Seacrest announced Monday that he will remain the host of American Idol.

In a statement, Seacrest said, "For the last 11 seasons, I've had the privilege to be a part of one of television's most iconic shows. It's been a wild ride, and I'm excited for my journey with American Idol to continue. The legions of fans, amazingly talented contestants, judges, and producers, along with the hard working Idol crew, impress me every time we go on air and make hosting the show a dream job."

Seacrest has been with American Idol since its debut on June 11, 2002.  According to The Hollywood Reporter, he signed a new two-year contract that will pay him $15 million per year.

Copyright 2012 ABC News Radio

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