Regis Philbin jokes with Terry Bradshaw during a presentation to announce Fox's new sports network "Fox Sports 1" in New York. (MIKE SEGAR/REUTERS)

Philbin’s show will be called “Rush Hour” and will debut with the network’s launch on Aug. 17 in 90 million homes.

“Rush Hour” will air live weekdays (at 5 p.m. ET) and will originate in New York City.

Rege will lead a panel of sports professionals, celebrity guests and die-hard fans who will engage in “unpredictable” talk about sports.