Appearing on Dave Letterman’s talk show the other night to promote his latest movie, “Wall Street: Money Never Sleeps”, Michael Douglas confessed that he has throat cancer. He learned of the diagnosis only three weeks ago, and the doctors say the cancer is Stage 4. Those who aren’t familiar with this should know that Stage 4 is the worst kind, with the cancer already spreading to other parts of the body. Fortunately for Michael, the cancer is still just above the neck and the prognosis is apparently positive. He says he has 80% of healing from this disease.

Douglas, who is turning 66 this month, says that his throat was bothering him all summer and despite his doctors not finding anything, another doctor took his biopsy where it was revealed that his condition was cancer. His biggest worry right now, he says, is the cancer spreading.

The actor confessed that his lifestyle of drinking booze has caused his disease to accelerate. He has gone to his first round of radiation and therapy where he admits to Dave: “It hurts, it comes and goes in waves. It knocks you out really hard.”

We wish the actor a quick recovery!