Legendary CBS newsman Walter Cronkite is gravely ill, a source has told RadarOnline.com

Cronkite, 92, anchored the CBS Evening News for 19 years and then he was forced to retire. Dan Rather was named his successor. However, Cronkite maintained an office at CBS, where he was a special correspondent.

During his tenure, he led Evening News to first place in the ratings.

His popular nightly signoff “And that’s the way it is…” became a cornerstone to his career.

Last week, CBS reportedly updated his obituary.  CBS is not commenting on the story.

(Photo: WENN)

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