Kathie Lee Gifford Responds to Regis Philbin Leaving 'Live!'

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Former co-host doubtful that the veteran will be out of the business long.

Kathie Lee Gifford has her doubts that Regis Philbin will truly retire after he announced he was stepping down from Live! with Regis and Kelly on Tuesday. Philbin, 79, has been a mainstay on the show for 28 years and three different co-hosts.

"Although he'll never retire," Gifford said in a statement released to The Hollywood Reporter, "I think his most enjoyable days are ahead of him and I hope to be a part of them."

Gifford was co-host with Philbin when the show was called Live! with Regis and Kathie Lee, going national in 1988.

Gifford said she was "thrilled" for Regis about the announcement.