According to TMZ, King actually transferred all his prime real estate -- including a Beverly Hills mansion and properties in Utah -- to Shawn Southwick two years ago in an effort to prove that he was committed to the union and not having an affair.
Now, according to the gossip Web site, King wants to try and void the agreement as the couple moves toward divorce ... his eighth! (The affair by the way? According to TMZ, it involved Shaun's younger sister, a charge she denies).
By way of full disclosure because of my years having worked at CNN in both New York and Los Angeles: I know Larry and soon to be ex-wife number seven --- he better than she. Always thought them a good couple.
But Larry always did have a reputation around the newsroom as, shall we say, a "ladies man." And while I truly believe the pair were indeed in love, I must admit it doesn't surprise me that he is now being accused of having an affair.
I also know how much he loves his Beverly Hills home ... so, if he really did sign over the property to her to prove his loyalty, it was certainly not an empty gesture.
It would also not surprise me if Larry soon gets married --- again! Maybe the best way to find out is to keep a close eye on the real estate columns rather than the gossip ones.
Oh, and now it seems the couple is fighting over the properties, which include the Beverly Hills mansion, a house in Provo, Utah, and a house in St. George, Utah, according to the latest from TMZ.
Maybe they're a conventional couple after all.
Charles Feldman is a journalist, media consultant and co-author of the book, "No Time To Think -- The Menace of Media Speed and the 24-hour News Cycle." He has written about real estate related issues for several years ... and has had lunch with Larry on many occasions ... but then, who hasn't?