The 38-year-old TV personality has been a co-host on the show since 2013, when she left her job as a commentator on The View to replace Gretchen Carlson.
The Daily Mail reports Hasselbeck will finish the year on Fox & Friends and a rotating group of co-hosts will join mainstays Steve Doocy and Brian Kilmeade until a full-time replacement is found.
She is married to former pro-football quarterback and current ESPN analyst Tim Hasselbeck.
Hasselbeck commented in a statement:
'Throughout my 14 years working in television, I have never experienced a more positive and thoughtful atmosphere than Fox News Channel, thanks to the strong leadership of [Fox News Chairman & CEO] Roger Ailes, who has created the best working environment a woman and mother could ask for.
'His understanding, compassion, and kindness was exemplified when I shared with him that I am entering into a season where I want to start my day with my children first, and he offered his blessing to do so.
'With a heart full of gratitude and the peace that God has given me, I am confident that this personal decision is the right one for our family, and we will be joining all of you watching Fox & Friends each morning as we get ready for school together,' the statement reads.Hasselbeck's decision to leave the show brings her nearly 15 years in television to a pause. She first gained national attention as a competitor on the 2001 season of Survivor and went on to spend nearly a decade as one of the ladies on the The View.
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