Katie Couric Leaving 'CBS Evening News'

Anchor 'looking at a format that will allow me to engage in more multi-dimensional storytelling'

Ending weeks of speculation about the future of her broadcast career, Katie Couric announced Tuesday that she is leaving the anchor desk at CBS.

"I have decided to step down from the 'CBS Evening News,'" Couric tells PEOPLE exclusively. "I'm really proud of the talented team on the 'CBS Evening News' and the award-winning work we've been able to do in the past five years in addition to the reporting I've done for '60 Minutes' and 'CBS Sunday Morning.' In making the decision to move on, I know the 'Evening News' will be in great hands, but I am excited about the future."

"I am looking at a format that will allow me to engage in more multi-dimensional storytelling," Couric, 54, tells PEOPLE about her future plans. She says other details, including when and where any new show will air, are "still being discussed."

The Associated Press reported three weeks ago that Couric's tenure as CBS anchor would end just short of five years in the job. Her contract expires June 4.

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