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Glenn Beck plans to “transition off of his daily program” at Fox News, it was just announced.

His 5:00 p.m. program will end later this year.

The host’s production company, Mercury Radio Arts, will work with Fox “to develop and produce a variety of television projects for air on the Fox News Channel as well as content for other platforms including Fox News’ digital properties,” according to a joint statement.

It was not announced how many “projects” will be developed or when.

“Glenn Beck is a powerful communicator, a creative entrepreneur and a true success by anybody’s standards,” said Fox News chairman Roger Ailes. “I look forward to continuing to work with him.”

There had been wide speculation in recent weeks about Beck’s future with Fox News. The host is already involved in a variety of other media, including a hugely popular daily radio show, Web site The Blaze, and a number of bestselling books.

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