"YUP, I'M DOING 'THE VIEW'!" McCarthy announced on her blog Monday. "When word got out that Joy was leaving 'The View,' I knew that the timing of my desire and her departure might be serendipitous for me."
"Jenny brings us intelligence as well as warmth and humor," Walters said in a statement issued by ABC Monday morning. "She can be serious and outrageous. She has connected with our audience and offers a fresh point of view. Jenny will be a great addition to the show as we usher in an exciting new chapter for 'The View.'"
McCarthy has previously served as a guest co-host, as well as an interview subject on "The View."
Jessica Simpson shares three-way kiss with friends in photo
Scarlett Johansson steps out with fiance after pregnancy reveal