Morgan will host a new interview show weekdays at 9/8c for the network and write a weekly column for CNN.com. After negotiations between NBC and CNN, he'll also retain his seat on the judges' panel of America's Got Talent and is expected to keep hosting Britain's Piers Morgan's Life Stories.
"[Morgan] is able to look at all aspects of the news with style and humor with an occasional good laugh in the process," CNN president Jonathan Klein said in a statement.
King announced in June that he'd be stepping down from his 25-year-old program Larry King Live. Klein said that King's last day on the show will be Dec. 16. He will continue to host occasional specials for the network.