Jeff Labrecque
April 06, 2012 AT 12:59 PM EDT

Matt Lauer confirmed reports that he would be staying with the Today show, telling his co-workers this morning that “This is my family. I love this job, I love working with you guys.”

Lauer, who’s been part of NBC’s morning-show juggernaut — Today has ranked first every week in the ratings for the last 16 years — since 1994, had let speculation develop about his future, reportedly having discussions with his old partner Katie Couric about other professional possibilities. “Truth be told, I was developing an idea for a new show,” Lauer said. “Where viewers could tune in every morning and see someone they know lose a little more of his hair every single day right in front of their eyes, but then I thought, I could just stay here and do that.”

Watch the happy announcement below:

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