As TVNewser first reported yesterday, Larry King has agreed to a two-year contract extension with the network, keeping the anchor with CNN through June 2011. As one of our commenters noted: "I guess Katie will have to do something else."

Well, maybe. Newsday's Verne Gay thinks the language of the contract makes it possible for CBS Evening News anchor Katie Couric to still move over to CNN in the 9pmET hour.

"King did not secure a guarantee to continue anchoring the 9 p.m. hour, which — I am reliably told — opens the door wide for Couric when she leaves CBS after the inauguration, as she almost certainly will," writes Gay.

King's agent, John Ferriter, tells TVNewser, "I can tell you that it is a two year extension of the exact same deal and job that Larry has been doing."