It's probably fair to say that funnyman Fred Willard isn't laughing this morning.

CNN has confirmed that the "Anchorman" actor was arrested in Los Angeles Wednesday night for lewd conduct.

The Los Angeles Police Department was doing a routine inspection on Santa Monica Boulevard when officers came across Willard "engaged in lewd conduct" in an adult theater, a police spokesman confirmed to CNN.

He was arrested at about 8:45 pm and transported to the Hollywood division police department, police said. The 72-year-old "For Your Consideration" and "Best in Show" star has since been released.

Willard's counsel Paul Takakjian told CNN in a statement, "With all [due] respect to the individual officer, our belief [is] that Fred did nothing in any violation of any law. We will be working vigorously to clear his name in this matter."