Wallace, the anchor of Fox News Sunday since 2003, announced his departure on the program this morning.
“After 18 years — this is my final Fox News Sunday,” Wallace said. “It is the last time — and I say this with real sadness — we will meet like this.”
Calling his time at Fox News “a great ride,” Wallace said he’s “decided to leave Fox.”
“I want to try something new, to go beyond politics to all the things I’m interested in,” he added. “I’m ready for a new adventure. And I hope you’ll check it out.”
He thanked his bosses at Fox for keeping their word to “never interfere” with his interviews.
“Eighteen years ago, the bosses here at Fox promised me they would never interfere with a guest I booked or a question I asked. And they kept that promise,” Wallace said. “I have been free to report to the best of my ability, to cover the stories I think are important, to hold our country’s leaders to account.”
He looked back on covering five presidential elections and interviewing every president since George H.W. Bush and leaders like France’s Emanuel Macron and Russia’s Vladimir Putin and expressed his enjoyment that he had been able to “spend Sunday mornings” with his audience.
“It may sound corny, but I feel we’ve built a community here,” Wallace said. “There’s a lot you can do on Sundays. The fact you’ve chosen to spend this hour with us is something I cherish.”
Speaking to The Hollywood Reporter last spring, timed to the 25th anniversary of Fox News Sunday, Wallace said Sunday morning public affairs shows continue to have a role to play, even as consumers mostly get their news through social media.
“It’s still an important platform for a new administration, or any administration, and the opposition, to get their points out,” he said.
Known for his tough, news making interviews, Wallace was also a staple of Fox’s election coverage and moderated a number of presidential debates, including the third presidential debate between Hillary Clinton and Donald Trump in 2016 and the first debate between Trump and Joe Biden in 2020.
The son of the legendary CBS correspondent Mike Wallace, Chris followed in his fathers footsteps with stints at NBC and ABC News, including a run as the moderator of Meet the Press from 1987-88.
A rotation of other Fox News anchors will host Fox News Sunday until a permanent replacement is named.
Wallace is the most high-profile journalist to depart the network in years, certainly since Shepard Smith announced his surprise departure in 2019.
The news of Wallace’s departure was a surprise and comes after he last inked a contract with the network in 2017, which at the time was said to run through the 2020 election.
In a statement, Fox News said, “We are extremely proud of our journalism and the stellar team that Chris Wallace was a part of for 18 years. The legacy of Fox News Sunday will continue with our star journalists, many of whom will rotate in the position until a permanent host is named.”