Here is a statement via CNN:
Before I start the show tonight, I want to share some personal news with you. 25 years ago, I sat across this table from New York Governor Mario Cuomo for the first broadcast of Larry King Live.
Now, decades later, I talked to the guys here at CNN and I told them I would like to end Larry King Live, the nightly show, this fall and CNN has graciously accepted, giving me more time for my wife and I to get to the kids’ little league games.
I’ll still be a part of the CNN family, hosting several Larry King specials on major national and international subjects.
I’m incredibly proud that we recently made the Guinness Book of World Records for having the longest running show with the same host in the same time slot. With this chapter closing I’m looking forward to the future and what my next chapter will bring, but for now it’s time to hang up my nightly suspenders.
I have not been a fan of King's work, which often seemed based on the minimal preparation and the gentlest of questioning. (I think someone once pointed out that King was presented as a tougher interrogator when playing himself in movies than he ever was on his CNN show.) But he got away with it as long as he could get the big guest, and deliver high ratings to the network. But ratings have been in decline. And there are plenty of other cozy venues for people wanting some TV time.
The big question now is what CNN will replace him with.