In a statement, the network touted Stewart’s “comedic brilliance” and said he had played a key role in nurturing talent.
“Jon will remain at the helm of The Daily Show until later this year,” the statement said, but there was no word on who might replace him.
The show, however, will likely go on. In the statement, Comedy Central praised the satirical program, calling it an “unparalleled platform for political comedy that will endure for years to come.”
Stewart took over the show in 1999. He took a several months-long hiatus in 2013 to direct Rosewater, a film about an Iranian-born journalist who was imprisoned for 118 days in Tehran and accused of being a spy.
The network lost another major host last year when Stephen Colbert left to take over David Letterman's late night show on CBS.