Larry King (CNN)

“We love our children, we love each other, we love being a family. That’s all that matters to us,” Larry King and wife Shawn Southwick said in a press statement. “We owe it to ourselves and our children to continue being dedicated to each other. We want to thank our friends for their loyal love and support – for being there for us.”

We’re not sure if we’d be sticking around in a marriage where both parties have allegedly been so unhappy they just had to cheat on their spouses. Of course, Larry King denies he actually boinked his wife’s sister, Shannon Engemann. Shawn Southwick also denies she cheated on King with their son’s baseball coach, Hector Penate.

Still, with all that smoke blowing around, it’s likely somebody did cheat on someone. What is with all the celebrities lately staying married after their spouses treat them like trash? At least Sandra Bullock seems to have the brains to go through with her divorce from Jesse James after his sexual escapades. We still don’t get what the hell Elin Nordegren is thinking sticking with that loser Tiger Woods.

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Larry and Shawn were seen having a disagreement that got ugly outside a restaurant last year. Larry denied at the time that the fight was serious, but The National Enquirer (print edition) has a source which claims that the couple fights constantly and that King is going to divorce Shawn once she finishes her stint in rehab. She’s due to be out of rehab around the end of this month.

The Enquirer claims Larry is ready to spring divorce papers as soon as possible. Classy! At least Shawn still looks good enough to bag another husband, this time hopefully one not as ancient as Larry.