King just took to his Twitter to announce: "I’m ending my nightly show this fall but continuing at CNN." Larry will be doing specials and would like to focus on sports stories.
He wrote in another message, "It's time to hang up my nightly suspenders."
CNN sources tell TMZ they're in talks "with a number of people" and they expect to make a decision on Larry's replacement in 2 to 4 weeks.
Sources tell us Larry made the decision in the last 24 hours.
There's been a buzz that King might not be renewed when is contract is up because of low ratings.