Kathie Lee Gifford is heading back into the waters of daytime television, joining NBC's "Today" show next week.

Gifford, the long-time co-host of "Live with Regis and Kathie Lee," will co-host the fourth hour of "Today" with Hoda Kotb. She begins her tenure on Monday, April 7.

"I am excited to welcome Kathie Lee to 'Today,'" executive producer Jim Bell says. "She is a morning television icon and is on a short list of personalities known by her first name alone. We are looking forward to her signature warmth and sense of humor in the fourth hour."

The fourth hour of "Today" debuted in September with co-hosts Kotb, Ann Curry and Natalie Morales. Curry and Morales will leave the last hour but keep their roles with the rest of the show, Curry as news anchor from 7 to 9 a.m. ET and co-host (with Al Roker) of the 9 a.m. hour and Morales as national correspondent for "Today" and other NBC News programs.

Gifford says of her new gig, "I am truly honored to join the 'Today' show family, many of whom have been friends and colleagues of mine for years. And I'm especially looking forward to working with Hoda, a bright and beautiful woman I admire very much. Together I hope we will bring a fresh and fun perspective to the topics that affect all of our daily lives."

Gifford is best known for her co-hosting "Live" opposite Regis Philbin from 1988-2000 (the two first teamed up in 1985 in New York; the show went national three years later). She was also a correspondent for "Good Morning America" in the early '80s and has several albums and numerous TV and stage credits.