Piers Morgan has signed a £5.5m deal to replace Larry King.
The Britain's Got Talent judge agreed to the four-year contract with US network CNN and will work for 30 weeks of the year so is expected to move to the States.
Chat show legend Larry is due to step down from Larry King Live later this year and rumours had been rife as to who would replace the 76-year-old interviewer.
American presenters Ryan Seacrest and Katie Couric were said to be in the running but producers thought former newspaper editor Piers would make the ideal replacement.
However, Piers' new deal means he will have to quit his role on the Britain's Got Talent judging panel because he will not have enough time to commit to the programme.
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