EXCLUSIVE: Larry King And Wife 'Doing Great,' Says Mom

Jun. 30 2010, Updated 10:07 a.m. ET

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One day after Larry King announced his retirement from CNN, his mother-in-law is optimistic about his future, RadarOnline.com has learned exclusively.

In a statement Tuesday, the veteran talk show host announced he was stepping down from his 25-year reign on Larry King Live.

“I talked to the guys here at CNN and I told them I would like to end Larry King Live, the nightly show, this fall and CNN has graciously accepted, giving me more time for my wife and I to get to the kids little league games,” he said.

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This comes amid low ratings and family turmoil.

Larry and his wife of 11 years, Shawn, filed for divorce in April after news surfaced that they both had affairs. A few weeks later, the couple, who have two boys-- 10-year-old Cannon and 11-year-old Chance-- reconciled. RadarOnline.com was first to report that during Memorial Day weekend, the 50-year-old suffered from an overdose of prescription drugs at her home in Utah.

Contacted Wednesday, Geraldine Engemann told RadarOnline.com “Shawn’s great, Larry’s great. They’re fine.”

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