Breaking News: Regis Is Retiring! UPDATED

Here’s some huge TV news just breaking this morning…

Regis Philbin is retiring from “Live With Regis and Kelly.” He made the announcement at the beginning of the show this morning, saying he will step down around the end of the summer.

You can read the AP story about the announcement here.

I no longer watch “Live,” but there is no doubt Regis is a legend and I hope he gets the classy exit he deserves.

UPDATE: Here's the video of the announcement.