Larry King Likely to Team Up with Ryan Seacrest

What's next for Larry King?

For the first time in 53 years, the 77-year-old is without a radio or TV program to host. He ended his long-running CNN show Thursday night.

But he's apparently not through with being an on-air personality.

King told "Early Show" co-anchor Erica Hill in an exclusive interview that he's readying to team up with Ryan Seacrest.

He told Hill, "We're in major talks with Ryan Seacrest, who runs now, pretty much, Clear Channel Radio. ... I'd say that's very -- pretty close to fruition."

King added that he's also talking to "some people" about a "major internet thing" with a cable network.

He told Hill, "I'll miss this show, but I'll miss the whole scope of being on."

Wendy Walker, King's longtime executive producer, and author of a new book about their time together, said she believes King could find a new calling ahead.

She told CBS News, "He has a lot of things he wants to do, spend more time with the kids and watch them play ball."

King has conducted some 50,000 interviews with nearly every major newsmaker. The king of talk announced his CNN exit back in June. The timing was rough, coming just weeks after he filed for divorce from his eighth wife, Shawn. The two later reconciled and appeared together with their sons on the final broadcast.

Hill remarked to King, "Very publicly earlier this year you were headed toward divorce. Clearly the four of you were in a good place it seemed on Thursday."

"Yeah," King said, "We went through a rough patch. You get through it. It was rough for awhile, but we ironed it out pretty well. There was a big difference in our ages, that might have had something to do with it....and we let the negatives take hold for awhile. But I'm not an expert on marriage."

"No," Hill said.

King replied, "Why do you say 'no' so quick?"

"I'm kidding," Hill said, adding, "There have been a few marriages."

"And you know the funny thing," King said, "I think in my life I have loved three people -- married all three. The other marriages I wasn't in love. It was the thing to do."

He continued, "I used to say, what if your wife called urgent on one line, on the other CNN called urgent...which one do you pick up?"

Hill asked, "What was your answer?"

"I used to say CNN," King said. "Now it would be the wife."

For more of King's exclusive interview - including his thoughts on his replacement "America's Got Talent" judge Piers Morgan -- click on the video below. Also, don't miss King serenading Hill in the second video below.