Now that Google's Eric Schmidt has announced that he will step down as CEO, he's going to have some free time on his hands. The New York Post says he's looking to fill that void with a show on CNN.

Schmidt is reportedly talking to Liza McGuirk, executive producer of CNN's "Parker Spitzer," about hosting his own show. The pair met on "Fareed Zakaria GPS," Zakaria's foreign-affairs program that Schmidt has appeared on in the past. The Post said in August Schmidt filmed a pilot produced by McGuirk for the network.

"Eric wants to be a talk-show host," a source told the Post. "He's been working with Liza to develop a show, but he has not yet been picked up by any network."

A "CNN insider" told the post that Schmidt has been trying to throw his hat in the cable news ring for more than a year, but that the pilot he shot was "a complete disaster."

If the Post's source is correct, it wouldn't be the first hiccup Schmidt has had on CNN. In a October appearance on "Parker Spitzer," he responded to privacy concerns with Google's Street View photographs by saying that if people didn't like their houses appearing on the service they can "just move."

Schmidt later issued a statement admitting that he "clearly misspoke" and that if people take issue with Street View, they can contact Google and have their house removed.

Even if Schmidt doesn't end up with the CNN gig, he's not going to be hurting for cash. According to filings with the Securities and Exchange Commission, Schmidt will sell six percent of his holdings in Google, walking away with about $334 million. Google is also giving Schmidt a parting gift of $100 million in company stock and options. Finally, it's also been rumored that Schmidt might take on a role with the Obama administration.

Larry Page will formally take over as Google CEO in April, and Schmidt will assume the role of executive chairman, focused primarily on the company's external relationships.