Matt Lauer confirms Billy Bush's Today ouster on air -- Watch

Before you go, we thought you'd like these...
Before you go close icon

Matt Lauer began Tuesday's edition of the Today show by confirming the ousting of Billy Bush, who on Monday was terminated for his role in the Donald Trump tape scandal.

"NBC News announced last night that Billy Bush would be leaving the Today show effective immediately, noting that he was a valued colleague and a longtime member of the broader NBC family," Lauer said. "A statement Billy released separately last night read in part 'I look forward to what lies ahead,' and of course, all of us here at Today wish Billy the very best."

NBC had previously announced that Bush was indefinitely suspended on Oct. 2, but it wasn't until Monday that the Peacock network formally parted ways with its co-host. Prior to his initial suspension, Bush had released the following apology:

"Obviously I'm embarrassed and ashamed," he said. "It's no excuse, but this happened 11 years ago — I was younger, less mature, and acted foolishly in playing along. I'm very sorry."

Bush, who has been with NBC since he joined Access Hollywood as an on-air correspondent in 2001, is leaving the network with an exit package some unconfirmed reports have put in the neighborhood of $10 million.

Watch Lauer's confirmation of Bush's exit below, then tell us if you agree with NBC's decision to let him go.

Check out more from Billy in the gallery below.

13 PHOTOS
Billy Bush on the Today Show
See Gallery
Billy Bush on the Today Show
RIO DE JANEIRO, BRAZIL - AUGUST 16: (BROADCAST - OUT) Natalie Morales, Billy Bush and Al Roker joke on the Today show set on Copacabana Beach on August 16, 2016 in Rio de Janeiro, Brazil. (Photo by Harry How/Getty Images)
RIO DE JANEIRO, BRAZIL - AUGUST 12: (BROADCAST - OUT) Host, Billy Bush takes a photo with Nicole Johnson and Boomer Phelps on the Today show set on Copacabana Beach on August 12, 2016 in Rio de Janeiro, Brazil. (Photo by Harry How/Getty Images)
TODAY -- Pictured: (l-r) US Olympians David Plummer and Kathleen Baker with Anchors Natalie Morales and Billy Bush appear on NBC's 'TODAY' show at the Rio Olympics on Monday, August 9, 2016 -- (Photo by: Joe Scarnici/NBC)
TODAY -- Pictured: (l-r) Anchors Natalie Morales, Hoda Kotb, Matt Lauer, Al Roker and Billy Bush with US team doctor Kevin Pierce appear on NBC's 'TODAY' show at the Rio Olympics on Monday, August 9, 2016 -- (Photo by: Joe Scarnici/NBC)
RIO DE JANEIRO, BRAZIL - AUGUST 08: Billy Bush & Olympic Legend Carl Lewis for Speed-Walking Race for Ages at Copacabana beach on August 8, 2016 in Rio de Janeiro, Brazil. (Photo by Joe Scarnici/Getty Images for Access Hollywood )
RIO DE JANEIRO, BRAZIL - AUGUST 08: (L-R) Billy Bush, Kit Hoover & Olympic Legend Carl Lewis talk on Copacabana Beach prior to a Speed-Walking Race for Ages at Copacabana beach on August 8, 2016 in Rio de Janeiro, Brazil. (Photo by Joe Scarnici/Getty Images for Access Hollywood )
TODAY -- Pictured: (l-r) Anchors Natalie Morales, Billy Bush and Al Roker with Nastia Liukin appear on NBC's 'TODAY' show at the Rio Olympics on Monday, August 9, 2016 -- (Photo by: Joe Scarnici/NBC)
RIO DE JANEIRO, BRAZIL - AUGUST 08: Billy Bush & Olympic Legend Carl Lewis embrace after crossing the finish line after a Speed-Walking Race for Ages at Copacabana beach on August 8, 2016 in Rio de Janeiro, Brazil. (Photo by Joe Scarnici/Getty Images for Access Hollywood )
TODAY -- Pictured: (l-r) Anchors Natalie Morales, Billy Bush and Al Roker appear on NBC's 'TODAY' show at the Rio Olympics on Monday, August 9, 2016 -- (Photo by: Joe Scarnici/NBC)
RIO DE JANEIRO, BRAZIL - AUGUST 16: (BROADCAST - OUT) Robel Kiros Habte of Ethiopia receives a high five from Al Roker with Natalie Morales, Billy Bush on the Today show set on Copacabana Beach on August 16, 2016 in Rio de Janeiro, Brazil. (Photo by Harry How/Getty Images)
TODAY -- Pictured: (l-r) Anchors Billy Bush, Matt Lauer, Natalie Morales, Al Roker and Hoda Kotb appear on NBC's 'TODAY' show at the Rio Olympics on Monday, August 9, 2016 -- (Photo by: Joe Scarnici/NBC)
TODAY -- Pictured: (l-r) US Olympians David Plummer and Kathleen Baker, Anchors Natalie Morales, Billy Bush and Al Roker and US Olympian Katie Meili appear on NBC's 'TODAY' show at the Rio Olympics on Monday, August 9, 2016 -- (Photo by: Joe Scarnici/NBC)
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

More on AOL Entertainment:
Police officer absolutely slays 'Formation' choreography at school pep rally
Courteney Cox and David Arquette's daughter Coco is all grown-up -- See the pics!
Tyra Banks says she remains 'very scared' of Naomi Campbell

Read Full Story

Sign up for Entertainment Insider by AOL and get the top celebrity, movies, music and TV news delivered to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners