NBC News' Billy Bush And Jeff Rossen In Conversation For SiriusXM's TODAY Show Radio
NEW YORK, NY - AUGUST 22: NBC News' Billy Bush in conversation with Jeff Rossen for SiriusXM's TODAY Show Radio at SiriusXM Studios on August 22, 2016 in New York City. (Photo by Craig Barritt/Getty Images for SiriusXM) Craig Barritt 2016 Getty Images

Billy Bush Officially Out at Today Show After Donald Trump Tape Leak

Oct 17, 2016

Billy Bush is officially leaving NBC's Today, the network confirmed on Monday.

"Billy Bush will be leaving the Today show's 9 a.m. hour, effective today," Noah Oppenheim, who oversees Today, said in an email to employees. "While he was a new member of the Today team, he was a valued colleague and longtime member of the broader NBC family. We wish him success as he goes forward."

Bush was suspended indefinitely from his hosting position on the NBC morning show last week after a leaked tape from 2005 showed he had participated in a vulgar conversation with Republican presidential nominee Donald Trump about groping women without their consent. Bush was a host for Access Hollywood at the time, and joined Today last August.

According to Entertainment Weekly, Bush could receive up to an estimated $10 million as part of the pay-out settlement of his three-year contract. Bush released his own statement on Monday, saying, "I am deeply grateful for the conversations I've had with my daughters, and for all of the support from family, friends and colleagues. I look forward to what lies ahead."

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions