"He has been recuperating in the hospital and is scheduled to be released soon. His doctors expect him to make a full recovery."
Ora TV, an on-demand digital TV network, said that contrary to some media reports King's doctors say he did not have a heart attack and did not go into cardiac arrest.
"Larry is in good spirits and thanks everyone for their concern. He's expected to be back to work on his shows, 'Larry King Now' and 'PoliticKING with Larry King' soon," the statement said.
King, 85, has had several heart attacks, and in 1987 he underwent quintuple bypass surgery. His medical issues led him to establish the Larry King Cardiac Foundation, a non-profit dedicated to helping those who do not have health insurance afford medical care.
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