Curry is in negotiations to depart her $12 million annual contract for other opportunities.

The seasoned broadcast journalist and anchor Ann Curry is leaving NBC News for good as confirmed by The Hollywood Reporter. Her airtime has gone down since her removal from the Today show in 2012. Although she is leaving her position at NBC, she is not burning her bridge altogether. Curry will continue reporting and is in the process of developing a media startup backed by NBCUniversal that will produce content of national and global relevance.

“This is about reaching for the edge of the future in journalism, which we know is undergoing an irrevocable transition. I am excited about working to become a valuable link between traditional media and what is to come,” said Curry. “In today’s world of fragmented media, this is the time to seize the opportunity to improve the way we distribute and even tell stories. I want to expand my drive to give voice to the voiceless to emerging platforms and produce both scripted and non-scripted content, in addition to continuing to report on-air about stories that matter. I am sincerely grateful to NBC News for allowing me to offer viewers a vast and diverse body of work, including a depth of humanitarian reporting I understand still resonates,” added Curry, who’s been with the network for 15 years. “It has been a privilege to work with so many good and talented people at the network and I look forward to what we will do ahead. At the same time, I can’t wait to expand my reach and work with people I admire in other places.”

Since leaving Today, Curry has stepped into many roles at NBCNews. Although she had no regular spot on the network since then, she was anchor-at-large at Today and an NBC News national and international correspondent/anchor, sitting at the desk on both Nightly News and Meet the Press.

NBCUniversal News Group chairman Pat Fili-Krushe said, “We’re proud to support Ann in her new venture, and we look forward to more of her exceptional storytelling. She is committed to uncovering critical issues, humanizing them, and ultimately helping viewers understand and connect.”