ABC's long-time news veteran Barbara Walters is ready to announce her retirement, according to the New York Post's Page Six.
The 83-year-old co-host and executive producer of "The View" will reportedly step down in May 2014. ABC has not commented but a source close to Walters confirmed it.
Deadline was first to report the news Thursday.
According to the website, Walters insisted on leaving on her own terms. She denied rumors about her departure earlier this month live on "The View" along with claims that co-host Elisabeth Hasselbeck was being let go because of her conservative views. Co-host Joy Behar has, however, confirmed her departure at the end of this season.
Walters health has made headlines recently. She took a hiatus from "The View" for a few weeks to recover from the chicken pox and a fall down the stairs that gave her a mild concussion.
Walters will likely be given a big sendoff to commemorate her 52-year broadcast career with features and clips of some of her best television moments.
Walters became the first female co-host when she got the job on the "Today" show in 1974. She then became the first co-anchor of a network evening news show with "ABC Evening News" in 1976. Aside from specials and interviews of celebrities and political leaders, Walters also anchored ABC's "20/20" for 20 years.