Brian Williams reportedly done as 'NBC Nightly News' anchor, but will remain at NBCUniversal

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NBC Removes Brian Williams From News Podcast Artwork

Brian Williams will not be returning to the NBC Nightly News anchor desk, but it looks like he won't be leaving the NBCUniversal family for good.

According to multiple reports, an agreement has been reached between NBC and the long-time newsman that will keep him employed within NBCUniversal. However, he won't be returning as news anchor or managing editor of the Nightly News after his six-month suspension comes to an end in August.

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Brian Williams reportedly done as 'NBC Nightly News' anchor, but will remain at NBCUniversal
NBC NEWS -- Pictured: (l-r) General Wayne A. Downing and Anchor and Managing Editor, Brian Williams of 'NBC Nightly News' during a report from Camp Liberty in Baghdad, Iraq on March 8, 2007 (Photo by Jeff Riggins/NBC/NBCU Photo Bank via Getty Images)
NEW YORK, NY - NOVEMBER 13: Television personality Jon Stewart enters the 'Late Show With David Letterman' taping at the Ed Sullivan Theater on November 13, 2014 in New York City. (Photo by Ray Tamarra/WireImage)
AUSTIN, TX - OCTOBER 30: Director/writer/producer Jon Stewart attends the premiere of 'Rosewater' during the Austin Film Festival at The Paramount Theatre on October 30, 2014 in Austin, Texas. (Photo by Rick Kern/WireImage)
NBC NEWS -- Pictured: (l-r) Lieutenant General Raymond T. Odierno, Anchor and Managing Editor, Brian Williams of 'NBC Nightly News' and General Wayne A. Downing in Baghdad, Iraq on March 8, 2007 (Photo by Jeff Riggins/NBC/NBCU Photo Bank via Getty Images)
NBC NEWS -- Pictured: (third from left) Anchor and Managing Editor, Brian Williams of 'NBC Nightly News' with American military reports from Camp Liberty in Baghdad, Iraq on March 8, 2007 (Photo by Jeff Riggins/NBC/NBCU Photo Bank via Getty Images)
NBC NEWS -- Pictured: (r) Anchor and Managing Editor, Brian Williams of 'NBC Nightly News' reports from Camp Liberty in Baghdad, Iraq on March 8, 2007 (Photo by Jeff Riggins/NBC/NBCU Photo Bank via Getty Images)
AUSTIN, TX - OCTOBER 28: Host Jon Stewart at 'The Daily Show with Jon Stewart' covers the Midterm elections in Austin with 'Democalypse 2014: South By South Mess' at ZACH Theatre on October 28, 2014 in Austin, Texas. (Photo by Rick Kern/Getty Images for Comedy Central)
NBC NEWS -- Pictured: (c) Anchor and Managing Editor, Brian Williams of 'NBC Nightly News' with American military reports from Camp Liberty in Baghdad, Iraq on March 8, 2007 (Photo by Jeff Riggins/NBC/NBCU Photo Bank via Getty Images)
NBC NEWS -- Pictured: (c) Anchor and Managing Editor, Brian Williams of 'NBC Nightly News' with American military reports from Camp Liberty in Baghdad, Iraq on March 8, 2007 (Photo by Jeff Riggins/NBC/NBCU Photo Bank via Getty Images)
NEW YORK, NY - FEBRUARY 04: Tom Hanks and Brian Williams attend the Boston Bruins vs New York Rangers game at Madison Square Garden on February 4, 2015 in New York City. (Photo by James Devaney/GC Images)
THE TONIGHT SHOW STARRING JIMMY FALLON -- Episode 0196 -- Pictured: (l-r) Journalist Brian Williams during an interview with host Jimmy Fallon on January 16, 2015 -- (Photo by: Douglas Gorenstein/NBC/NBCU Photo Bank via Getty Images)
WASHINGTON, DC - JANUARY 07: Journalist Brian Williams hosts onstage at The Lincoln Awards: A Concert For Veterans & The Military Family presented by The Friars Foundation at John F. Kennedy Center for the Performing Arts on January 7, 2015 in Washington, DC. (Photo by Larry French/Getty Images for The Friars Club)
LATE NIGHT WITH SETH MEYERS -- Episode 065 -- Pictured: (l-r) NBC News' Brian Williams during an interview with host Seth Meyers on July 7, 2014 -- (Photo by: Lloyd Bishop/NBC/NBCU Photo Bank via Getty Images)
Ron Meyer (L), president & COO of Universal Studios and Brian Williams, NBC network news anchorman, attend the world premiere of 'Neighbors,' April 28, 2014 at the Regency Village Theater in Los Angeles, California. Man at right in unidentified. AFP PHOTO / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
LATE NIGHT WITH JIMMY FALLON -- Episode 770 -- Pictured: (l-r) Host Jimmy Fallon, News anchor Brian Williams perform during a skit on January 28, 2013 -- (Photo by: Lloyd Bishop/NBC/NBCU Photo Bank via Getty Images)
NBC NEWS-EVENTS -- Education Nation: New York Summit, Day 3 -- Pictured: Brian Williams at NBC News' Education Nation Summit at the New York Public Library in New York on Tuesday, September 25, 2012 -- (Photo by: Charles Sykes/NBC/NBCU Photo Bank via Getty Images)
TODAY -- Pictured: (l-r) Matt Lauer and Brian Williams appear on NBC News' 'Today' show (Photo by Peter Kramer/NBC/NBCU Photo Bank via Getty Images)
AUSTIN, TX - OCTOBER 28: Host Jon Stewart at 'The Daily Show with Jon Stewart' covers the Midterm elections in Austin with 'Democalypse 2014: South By South Mess' at ZACH Theatre on October 28, 2014 in Austin, Texas. (Photo by Rick Kern/Getty Images for Comedy Central)
NEW YORK, NY - APRIL 23: NBC News anchor Brian Williams and his wife, Jane Stoddard Williams attend the Tribeca Talks Directors Series with Robert De Niro and Brian Williams during the 10th annual Tribeca Film Festival at BMCC Tribeca PAC on April 23, 2011 in New York City. (Photo by Bobby Bank/WireImage)
NEW YORK, NY - FEBRUARY 28: NBC Nightly News anchor Brian Williams attends the Museum of the Moving Image salute to Alec Baldwin at Cipriani 42nd Street on February 28, 2011 in New York City. (Photo by Stephen Lovekin/Getty Images)
NBC NIGHTLY NEWS WITH BRIAN WILLIAMS -- Pictured: Brian Williams -- As protesters converged on the heart of Cairo in droves on Tuesday, NBC News' Brian Williams was there to speak with those who responded to the call for Egyptians to unite in the largest protest yet in a week of unceasing demands for President Hosni Mubarak to leave (Photo by Subrata De/NBC/NBCU Photo Bank via Getty Images)
NBC NEWS-EVENTS -- Education Nation: New York Summit, Day 3 -- Pictured: Brian Williams and Governor Mitt Romney at NBC News' Education Nation Summit at the New York Public Library in New York on Tuesday, September 25, 2012 -- (Photo by: Charles Sykes/NBC/NBCU Photo Bank via Getty Images)
AUSTIN, TX - OCTOBER 28: Host Jon Stewart at 'The Daily Show with Jon Stewart' covers the Midterm elections in Austin with 'Democalypse 2014: South By South Mess' at ZACH Theatre on October 28, 2014 in Austin, Texas. (Photo by Rick Kern/Getty Images for Comedy Central)
NEW YORK, NY - NOVEMBER 05: Jon Stewart performs onstage at The New York Comedy Festival and The Bob Woodruff Foundation present the 8th Annual Stand Up For Heroes Event at The Theater at Madison Square Garden on November 5, 2014 in New York City. (Photo by Monica Schipper/Getty Images for New York Comedy Festival)
WASHINGTON, DC -- NOVEMBER 09: Jon Stewart's new film opens in theaters. Jon Stewart and Maziar Bahari profiled for Stewart's directorial debut film, 'Rosewater', which is based on Bahari's journalism in Iran which got him arrested and tortured.. (photo by Andre Chung for The Washington Post via Getty Images)
WASHINGTON, DC -- NOVEMBER 09: Jon Stewart's new film opens in theaters. Jon Stewart and Maziar Bahari profiled for Stewart's directorial debut film, 'Rosewater', which is based on Bahari's journalism in Iran which got him arrested and tortured.. (photo by Andre Chung for The Washington Post via Getty Images)
LONDON, ENGLAND - OCTOBER 12: Jon Stewart attends the red carpet arrivals of 'Rosewater' during the 58th BFI London Film Festival at Odeon West End on October 12, 2014 in London, England. (Photo by Tim P. Whitby/Getty Images for BFI)
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Current Nightly News anchor Lester Holt is expected to stay on sources told The Hollywood Reporter.

No concrete details have been released pertaining to the new role Williams will fill when he returns.The New York Times has reported that there is speculation Williams might be moved to the cable news network MSNBC, possibly in a position covering breaking news stories.

WATCH: Brian Williams Under Heavy Scrutiny After Apologizing for False Story

Williams started out at NBC in 1993, filling various roles early on, including weekend anchor on the NBC Nightly News from 1993-99. From 1996 to 2004, he led a MSNBC show, The News With Brian Williams, before getting promoted to anchor and managing editor of Nightly News. He also led the weekly primetime newsmagazine, Rock Center With Brian Williams, from 2011-13 for NBC.

WATCH: Jon Stewart and Bill O'Reilly Take on the Brian Williams Scandal

CNN Money has reported that the network will likely address the decision on Thursday, where it may announce the specific role Williams will play within the company.

In February, Williams was suspended without pay from NBC Nightly News for six months after an investigation uncovered that he had exaggerated and embellished his account of being in a helicopter in Iraq that was brought down by enemy fire in 2003.

NEWS: Internal Investigation Into Brian Williams Finds At Least 11 More Reporting 'Embellishments'

The investigation uncovered several other instances in which it is believed Williams fabricated details while reporting from the field. However, these instances – discovered during an internal investigation – have not been publicly released or detailed.

For more on the scandal that brought down one of America's most popular news anchors, check out the video below.

Brian Williams Under Heavy Scrutiny After Apologizing for False Story

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