The announcement came late Sunday night May 12th 2013 that Barbara Walters will retire soon. She will continue to report on specials throughout the year, and she will still appear on "The View" but for the most part, she's about to retire from her journalism/broadcasting career.

According to omg at yahoo.com;

The 83-year-old Walters has spent 37 years at ABC News, joining the network in 1976 to become the first female co-anchor on an evening news program. Three years later, she became a co-host of ABC's "20/20" newsmagazine.

Before coming to ABC, she spent 15 years at NBC News, where she was a co-host of the "Today" show.

"I am very happy with my decision," Walters said, "and look forward to a wonderful and special year ahead.

"I do not want to appear on another program or climb another mountain," she added. "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."

ABC News President Ben Sherwood said "there is only one Barbara Walters. We look forward to making her final year on television as remarkable, path-breaking and news-making as Barbara herself.

"We look forward to a year befitting her brilliant career," he said, "filled with exclusive interviews, great adventures and indelible memories."

Here is the official announcement from ABC News.