Gayle King isn't going anywhere.

The veteran journalist, 71, has signed a new contract with CBS News and is set to remain at the network.

"Rumors of my demise were inaccurate and greatly exaggerated," King said in a statement, alluding to rumblings last year that she would leave "CBS Mornings" after her current contract expires in May.

"CBS News is my longtime home, and I am committed to our mission," she added. "I'm excited about continuing at 'CBS Mornings.' As always, I'm open to new adventures here and ready to go. It took a minute, but we got there. And now that we are here, I am all in."

News of King's new contract was first reported by The Wall Street Journal.