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Is It Possible That Regis Philbin Is Being Replaced By…Kathie Lee Gifford?!?!?

could kathie lee gifford replace regis philbinLive with Kathie and Kelly??? Not sure how we feel about that…

Earlier this week, Regis Philbin announced that his last day on Live With Regis and Kelly would be November 18, 2011.

Obviously, we've been very curious to hear who's going to replace him, and now we MAY have an answer…but probably not.

Here's what a source at ABC is saying about Reg's potential replacement:

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