The Mexican billionaire Carlos Slim is financing an internet television channel that will include an interview show hosted by Larry King.
The channel, which will be based in New York and called Ora.tv, will be launched this year. It is described as an on-demand network available on mobile devices and televisions connected to the internet.
King resigned from CNN last year after 27 years of hosting Larry King Live.
The station will be led by Jon Housman, formerly president of digital journalism at Rupert Murdoch's News Corporation. Mr Slim, whom Forbes says is the world's richest man, is the main provider of pay-television in Latin America, where he offers cable and satellite services.