Elisabeth Hasselbeck will finish out the current season as a panelist on The View and then will move on to a gig on the Fox News Channel with Fox & Friends.

The Hollywood Reporter broke the news on Tuesday afternoon, reporting that Hasselbeck would be replacing Gretchen Carlson on the network's show.

Hasselbeck's The View co-host Barbara Walters said of her departure, "We have had ten wonderful years with Elisabeth and she will now be swimming in new waters," she said.