Dr. Phil McGraw, Kathie Lee Gifford and Disney's Bob Iger join the Broadcasting & Cable Hall of Fame

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Dr. Phil McGraw, Kathie Lee Gifford and Bob Iger were among the 12 broadcasters inducted into the Broadcasting and Cable Hall of Fame
A lifetime achievement award was also given to the late Frank Gifford for his contributions to sports broadcasting
Matt Lauer, Savannah Guthire, Regis Philbin, Hoda Kotba, and David Muir were among those who paid tribute to the honorees
Frank Gifford was remembered in a touching speech by his children Cody and Cassidy

Published: 09:09 EST, 21 October 2015 | Updated: 14:38 EST, 21 October 2015

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Dr. Phil McGraw, Kathie Lee Gifford and Disney chairman Bob Iger were among the 12 broadcast industry legends inducted into the Broadcasting and Cable Hall of Fame on Tuesday night in New York City.

The group was honored with tributes from fellow broadcasters including Regis Philbin, Hoda Kotba, and David Muir.

A lifetime achievement award was also given to the late Frank Gifford for his contributions to sports broadcasting.

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Big night: Robin McGraw and Dr. Phil McGraw attend Broadcasting and Cable Hall Of Fame Awards 25th Anniversary Gala at The Waldorf Astoria

Today: Matt Lauer, Savannah Guthrie, Natalie Morales, Kathie Lee Gifford, Hoda Kotb, Regis Philbin and Tamron Hall at the event

Honoree: Disney CEO Bob Iger was one of the night's twelve honorees

Dr. Phil and the executive producer of his show Carla Pennington

Dr. Phil and his family (L t R: wife Robin, producer Pennington, son Jordan, son Jay and daughter-in-law Erica) on their way to the event

In an interview with DailyMail.com, Dr. Phil called the honor 'surreal,' saying her never even thought he would be in the broadcasting field.

That all changed in 1995 when his company worked with Oprah Winfrey, and he has now done 2,325 episodes of his popular talk show Dr. Phil and had on approximately 16,500 guests.

It was a big day for Dr. Phil too, as he learned his show - which has been nominated for 26 Emmys over the years - had been renewed through 2020 by CBS.

'How fortunate am I that my job is something that I love to do,' said Dr. Phil, just hours after the news broke.

'I want to sleep fast to get up and do it tomorrow.'

When asked what his favorite episode or interview had been in his illustrious career, Dr. Phil said they were often 'the shows that involve the children that don't have a voice.'

He then added; 'They can't protect themselves, they can't stick up for themselves.'

He cited one specific example of a young woman who came on his show in an segment called The Girl in the Closet.

In that case, a girl was kept in a closet by her mother and boyfriend for six years beginning when she was just eight-years-old.

'She needed to tell her story,' said Dr. Phil.

Some time after the show aired, Dr. Phil said he was in Texas when a trooper stopped him and said that his wife was one of the girl's occupational therapists after she was discovered by authorities, and could not believe that he had actually got the girl to laugh.

'That was just so rewarding,' said Dr, Phil.

Family: Kathie Lee was joined by Regis Philbin, son Cody, daughter Cassidy and Kotb

Award: Dr. Phil as he accepts his honor on stage during Tuesday night's ceremony

Proud: Dr. Phil's daughter-in-law Erica, wife Robin, son Jordan and Jordan's girlfriend Marissa Jack

Future inductee?: Dr. Phil's son Jay McGraw, the Emmy Award-winning creator and executive producer of the The Doctors

Team: Dr. Phil's executive producer Carla Pennington with his wife Robin

The tributes at Tuesday's award ceremony also got very emotional when Frank Gifford's children Cody and Cassidy honored their father.

Frank was a professional football player who went on to become an Emmy-winning sportscaster, hosting ABC's Monday Night Football for an astonishing 27 years.

Kathie Lee meanwhile was honored by her Today co-hosts Matt Lauer, Savannah Guthrie and Hoda Kotb, who said; 'She taught me the art of live TV.'

Kathie Lee got her start in television when she appeared on Name That Tune in 1974 and since then has appeared on Live! with Regis and Kathie Lee and now Today, earning 11 Daytime Emmy nominations along the way and winning one in 2010 for her work on Today.

After receiving her award Kathie Lee joked; 'Thank God I received this award before Kelly Ripa. I mean, how embarrassing would that be'

Other honorees included Ed Carroll of AMC, Mike Fries, Commissioner of Major League Soccer Don Garber, Chris Geraci, Lou LaTorre, Radio One CEO Alfred C. Liggins III, Philip J. Lombardo, Dave Lougee and Donna Speciale.