Barbara Walters Retires [VIDEO] LIVE ANNOUNCEMENT 'The View' Producer and Host Retires From Journalism 2014, Continues To Produce Talk Show

One of the of the top female journalists of all time Barbara Walters will step down after more than 50 years in the industry. ABC News announced Sunday that Walters will retire from TV journalism. The famed broadcast journalist is said to make a live announcement Monday on her show "The View."

"I am very happy with my decision and look forward to a wonderful and special year ahead both on 'The View' and with ABC News," Walters told reporters. "I created 'The View' and am delighted it will last beyond my leaving it."

According to CNN, rumors surfaced in March regarding Walters retirement, however she differed them and told her fans on "The View" "if and when I might have an announcement to make, I will do it on this program."

"There's only one Barbara Walters," said ABC News President Ben Sherwood. "And we look forward to making her final year on television as remarkable, path-breaking and news-making as Barbara herself."

He is right, Walter is the only female journalist to have interviewed every U.S. president and first lady since Richard and Pat Nixon.

Her national broadcast career began in 1961 as a reporter, writer and panel member on NBC's "Today" show, CNN reported.

"I do not want to appear on another program or climb another mountain," Walters said. "I want instead to sit on a sunny field and admire the very gifted women - and OK, some men, too - who will be taking my place."

Barbara Walters announces retirement: