Larry King

Larry King is going digital.

The former CNN host will launch a daily talk show on Ora.tv, a new internet TV network co-founded by Mexican telecom billionaire Carlos Slim, The New York Times reports.

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Ora.tv will launch later this year and stream shows to computers, tablets, phones, Internet-connected televisions and other devices. King, 78, will host a program similar to Larry King Live, which CNN canceled in 2010 after 25 years.

"I run into people every day who tell me they miss my show. And a lot of times I miss it too," King told the Times.

Ora.tv is also in discussions with other on-air personalities to join King on the lineup. King's wife, Shawn, will probably host a style show.

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"The business model is sound, and the team brings the talent and industry understanding that will help Ora stand out in digital television, a category which is primed for exponential growth," Slim, who ranks No. 1 on Bloomberg's list of the Top 20 global billionaires with a fortune of $68.5 billion, said in a statement.