"For the better part of the last two decades, I have had the incredible honor and privilege of working with Jon Stewart. His comedic brilliance is second to none," Michele Ganeless, president of Comedy Central, said in a statement.
"Jon has been at the heart of Comedy Central, championing and nurturing the best talent in the industry, in front of and behind the camera," Ganeless continued. "Through his unique voice and vision, 'The Daily Show' has become a cultural touchstone for millions of fans and an unparalleled platform for political comedy that will endure for years to come."
Update: "At the end of Tuesday night's episode of "The Daily Show," Stewart addressed his departure, noting that the show and audience do not deserve "a restless host" and that the specifics of his departure have not been worked out but that it will occur before September: