Without Regis Philbin as co-host, the ratings for LIVE WITH KELLY have taken a big hit recently. Latest numbers are down by about 35 percent, as the show hasn't found a permanent co-host replacement since Regis Philbin announced his retirement. Word was that Regis didn't like the terms of his new contract, which pushed him toward an earlier retirement. Some names like comic Dana Carvey have been mentioned as possible replacements, and Jerry Seinfeld did fill in for a few days as co-host. But, without a big draw name, the show is doing badly in the ratings and could eventually be a candidate for cancellation if the situation doesn't stabilize and the ratings drop stops. Stay tuned!