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Longtime NBC News political reporter Chuck Todd announced his departure from the network after 18 years, citing the collapse of corporate media credibility.

“There’s never a perfect time to leave a place that’s been a professional home for so long, but I’m pretty excited about a few new projects that are on the cusp of going from ‘pie in the sky’ to ‘near reality,’ Todd told NBC News staffers in a memo Friday. “So I’m grateful for the chance to get a jump start on my next chapter during this important moment.”

Todd expressed the need for the media to regain the public’s trust and stated that national media may not be able to achieve this.

He plans to continue sharing his reporting and perspective through his podcast in his next venture after a brief hiatus.

Todd’s departure comes amidst a broader trend of declining credibility in corporate media.

“We’re grateful for Chuck’s many contributions to our political coverage during his nearly two-decade career at NBC News and for his deep commitment to Meet the Press and its enduring legacy,” NBC News said in a statement. “We wish him all the best in his next endeavors.”