Katie Couric is leaving ABC News and she is reportedly looking toward a new role with Yahoo.

“Katie is an incredible journalist and this was an opportunity that she couldn’t pass up,” said an ABC executive with knowledge of the situation.

“Thanks to the powerful association between ABC News and Yahoo we know that Katie will continue to work closely with us and welcome her on our air anytime.”

It has been widely speculated that Katie Couric might one day reunite with her former Today executive producer Jeff Zucker at CNN. Jeff Zucker took over leadership of CNN in January.

Katie Couric joined ABC News in June 2011 as part of a multi-year deal

Katie Couric joined ABC News in June 2011 as part of a multi-year deal that also included her hosting the talk show, which is now suffering in the ratings. Jeff Zucker initially executive produced the show, but left to head CNN.

The exit from ABC News will be the second time Katie Couric has parted ways with the network.

Katie Couric started her career there as a desk assistant in 1979.

As part of ABC News, Katie Couric anchored specials, conducted interviews, hosted on Good Morning America and took part in special events coverage.

Between her stints on Today and joining ABC News, she spent five years anchoring The CBS Evening News.