CBS News confirms that after five years in the anchor chair Hannah Storm is leaving The Early Show. She will stay on with the network. USMagazine.com first reported the news this afternoon.

Storm and CBS News president Sean McManus "are in discussions to determine the scope and depth of her new duties," says a press release.

Said Storm, "I have loved every minute of my five years at The Early Show, teaming up from the start with some of the best in the business."

US Magazine's source says newly-hired Early Show Senior EP Shelley Ross "loved Hannah and fought tooth and nail to get her to stay."

Prior to CBS, Storm worked for NBC Sports.

Click continued to read the release from CBS News...

HANNAH STORM TO MOVE INTO A NEW ROLE AT CBS NEWS

Hannah Storm, who has been co-anchor of THE EARLY SHOW for the past five years, will move into a new role at CBS News. Storm and Sean McManus, President, CBS News and Sports, are in discussions to determine the scope and depth of her new duties.

"I have loved every minute of my five years at THE EARLY SHOW, teaming up from the start with some of the best in the business," said Storm. "I am proud of my work at CBS News. We are in discussions regarding future opportunities across CBS."

"Hannah has done excellent work for THE EARLY SHOW and has been a primary reason that the broadcast has stabilized and is so well positioned for the future," said McManus. "She has extraordinary versatility, not only in the varied assignments she has handled for THE EARLY SHOW, but also in so smoothly transitioning from sports to network morning news. I'm pleased that we are exploring opportunities to utilize her skills and talents in areas beyond mornings."

"Hannah is a rare talent with an extraordinary range and skill set," said Shelley Ross, Senior Executive Producer, THE EARLY SHOW. "For my part, I hope Hannah and I continue to work and innovate together as we re-launch the many moveable parts of the morning."