This news comes as quite a surprise given that Lowe was considered to be one of the frontrunners to join Kelly Ripa
as her permanent co-host on Live!.
Just last month, a source told ET
that ABC had been talking to Lowe's reps again, having chatted with the actor about the highly coveted gig back in 2012, when ABC was looking for Regis Philbin
's replacement. Lowe had impressed viewers at the time when he guest-hosted for two days. But the job, of course, ended up going to Michael Strahan