People.com: It's a boy for Craig Ferguson and wife Megan.

Son Liam James Ferguson was born Monday, Jan. 31 in Los Angeles, a rep for The Late Late Show host confirms to PEOPLE exclusively.

"Everyone is happy and healthy," says the rep. "The family is doing great, everybody's perfect."

Ferguson, 48, and his wife, an art dealer, tied the knot in December 2008.

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