04/04/2013 05:41 pm ET Updated Jun 04, 2013

Ali Velshi Joining Al Jazeera America As Host

Ali Velshi is getting a primetime business program on Al Jazeera America, the network announced on Thursday.

"The as yet-to-be named 30-minute magazine-style program will initially launch in a weekly format but is expected to move to a five-days-a-week schedule by year’s end," the network said in a statement.

The host's last day at CNN will be Friday. News of his departure broke on Wednesday. At the time, he said that he was leaving to pursue a project "he couldn’t pass up."

Velshi said in a statement that he was "thrilled" to join Al Jazeera America. “It’s a tremendous opportunity and I look forward to taking advantage of the extraordinary U.S. news-gathering capabilities the channel is building and working with such a diverse and talented group of colleagues to tell compelling stories that matter to Americans," he said.

Al Jazeera bought Current TV earlier this year, and will replace Current's programming with Al Jazeera America. The planned network, which will launch this summer, has been busy building its staff and searching for talent.



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