[Editor's note: This story was updated 8/4/08 at 2:00pm EST]

Queens duo Capone-N-Noreaga are set to release their third group LP, Channel 10, this October, the group announced today.

The pair told MTV's Mixtape Monday they've set next month as the date. So far CNN has recorded with Mobb Deep.

"First time it's just Mobb Deep and CNN," the rapper said. "We got Prodigy. We got him in jail on the phone call. We got him before jail, after jail. That's it. We don't know the name of [the song yet].

"The record is about surviving," Nore finished. The two duos recorded two tracks together so far.

In addition to Mobb Deep, DJ Premier, The Alchemist, Play-N-Skillz, Fat Joe, The Clipse, the Dogg Pound, and Maino also contributed to Channel 10, which will be released by SMC Recordings.

Other tracks on the project include "Hollywood" about the respective path's each member's career has taken them.

""Hollywood" signifies a lot," Capone explained. "People think Capone and Nore, we haven't lived in the 'hood for the past 12 years. So they think we may be Hollywood or La-La Land. The record is basically Nore telling me, 'I never should have went there, but I had to do it. "Hollywood" is not Hollywood as you know it, though."

CNN's first single, "Follow the Dollar" is scheduled to be released later this month---Anthony Thomas