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Ed McMahon died at a hospital in Los Angeles this morning, his agent said.

The 85-year-old TV personality and former "Tonight Show" host died this morning at Ronald Regan UCLA Medical Center, his agent said today.

McMahon, who is best known as Johnny Carson's sidekick on the late-night show, was hospitalized in February with pneumonia and other illnesses.

The legend became embroiled in financial trouble and his home was reportedly to be placed on the auction block later this month after he fell behind $644,000 on his $4.8 million mortgage.