Glenn Beck Glenn Beck

Glenn Beck will end his Fox News program, but will continue to develop new TV projects for the network and other platforms.

In a joint statement Wednesday, Beck, whose contract is up in December, and the network said he will "transition off" his daily show later this year.

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"Glenn Beck is a powerful communicator, a creative entrepreneur and a true success by anybody's standards. I look forward to continuing to work with him," Roger Ailes, the chairman of Fox News, said in a statement. Added Beck: "I truly believe that America owes a lot to Roger Ailes and Fox News. I cannot repay Roger for the lessons I've learned and will continue to learn from him and I look forward to starting this new phase of our partnership."

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Although Beck's show is the third-highest-rated on cable news, its ratings have plummeted this year. He is also reported to have a tense relationship with Fox News, which, according to The New York Times

last month, was "contemplating life without" Beck.