05/02/2008 05:12 am ET | Updated May 25, 2011

Katie Couric's CNN Door Still Open Despite Larry King Contract Extension

I've got some reasonably big Larry King news here, friends, that could well affect the future of one Ms. Katie Couric, so listen up.

CNN has just re-upped the septuagenarian newsman to a new deal that will keep him at the network until 2011 - this, first reported on late yesterday. "Twas expected and re-upping LK to one more contract is NOT "big" news.

But this is: King did not secure a guarantee to continue anchoring the 9 p.m. hour, which - I am reliably told - opens the door wide for Couric when she leaves CBS after the inauguration, as she almost certainly will.

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