It's official. Katie Couric has confirmed, in an exclusive statement with PEOPLE, that she will be leaving 'CBS Evening News.'

The 54-year-old news anchor said she is, “looking at a format that will allow me to engage in more multi-dimensional storytelling,” adding the specifics are “still being discussed.” Some reports speculate Couric may launch a syndicated talk show as early as next year.

Couric's statement to PEOPLE is as follows:

“I have decided to step down from the ‘CBS Evening News.’ I’m really proud of the talented team on the CBS Evening News and the award-winning work we’ve been able to do in the past five years in addition to the reporting I’ve done for 60 Minutes and CBS Sunday Morning. In making the decision to move on, I know the Evening News will be in great hands, but I am excited about the future.”

Speculation has already begun on who will replace Couric, and the favorite is '60 Minutes' correspondent, and Texas Tech graduate, Scott Pelley (seen below). CBS' official announcement on Couric's replacement is expected as early as next week.