Bombshell: Regis Retiring ABC News

Regis Philbin, TV's ageless wonder, announced on "Live With Regis and Kelly" this morning that he's retiring from the show sometime around the end of summer, ABC News reports

According to the article, Philbin, 79, said on the show this morning, "This will be my last year on this show. It was the biggest thrill of my life. There is a time that everything must come to an end for certain people on camera, especially certain old people."

The article added, "Philbin said he would be stepping down from the show around the end of the summer, but didn't specify a departure date. Though he's departing, the 'Live' franchise will continue: The Disney-ABC Television Group plans to name a new personality to join Kelly Ripa, who has co-hosted the show for nearly ten years."

Philbin, a former TVWeek Syndication Personality of the Year, has been on TV since the 1960s, picking up multiple Emmys along the way.

Says the ABC News story, "Philbin set a Guinness World Record for most hours on camera with his Aug. 20, 2004 "Live" show, which gave him a total of 15,188 hours on television. In 2006, his record was updated to 15,662 hours."