Shepard Smith was on standby in New York to report Steve and Olaf's release from captivity. He was on the air by 4:30am ET, talking to Amy Kellogg about a new tape of the two men. Fox News confirmed the two men's release around 5:30am ET. (At 5:32am, the AP said: "A New Zealand diplomat says two kidnapped Fox journalists have been released in Gaza.")

"The best news I may ever have reported has come this morning as Steve and Olaf have been freed!," Smith said, according to ICN.

By 6:15am, Steve Centanni was on the phone with Shep...