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Lester Holt out at NBC Nightly News after MSNBC axed Joy Reid

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NBC's Lester Holt is out at Nightly News, the flagship show he has hosted for nearly a decade.

Holt, 65, announced he is stepping down in a memo sent to staffers Monday, ten years after he stepped in to replace longtime fixture Brian Williams on a full-time basis.

The veteran anchor will now only man his usual spot on Dateline, NBC News' Executive Vice President of Programming Janelle Rodriguez said in a statement.

NBC - whose asset MSNBC just cancelled Joy Reid's show The ReidOut - have yet to announce a replacement.

'[Holt] will continue at the helm of Nightly until early summer,' Rodriguez said, revealing how the anchor will then devote 'his energy to the rapidly-expanding powerhouse that is Dateline.'

Holt - previously the host of the show's weekend edition - began hosting Nightly News on weekdays in June of 2015, after a scandal surrounding reporting from the Iraq War upended Williams' career.

He has since told staffers his time on the show was an 'amazing ride' - doing so in a letter sent to Nightly and Dateline staffers Monday morning.

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