Comedy Central confirmed via Twitter Tuesday that Jon Stewart, the comedian known for his political satire, is retiring from The Daily Show after 16 years of sitting in the anchor’s chair. The tweet confirmed that Stewart will “remain at the helm of The Daily Show until later this year.”

In the tweet, the network called Stewart is a “comic genius” who is “generous with his time and talent.” The network continued by claiming that their time working with Stewart was a privilege, his talent has aided The Daily Show in becoming a “cultural touchstone for millions of fans” and he will always remain a part of the “Comedy Central family.”

Comedy Central President Michele Ganeless said in a statement, according to Politico, that she thinks the show will last without Stewart. However, Ganeless said he has been at “the heart of Comedy Central.”

Stewart announced that he would be leaving the show at the start of taping for Tuesday’s show, according to Business Insider. No reason to why Stewart has decided to leave has been provided.

Nonetheless, he did discuss what it would be like to leave with NPR in November. Stewart admitted that he was uncertain whether he would find anything else he was “as well suited for” as The Daily Show. Yet he also said, “maybe it’s time for some discomfort.”

Stewart took over for Craig Kilbourn as anchor for the show in January 1999. He was named “the most trusted name in fake news.” Despite its mockery, the show has lured prominent American politicians–from President Obama to Sen. John McCain–looking to sit down with Jon Stewart and to connect with a younger demographic.

It is unknown what Jon Stewart plans to do after leaving the show. However, Stewart has been engaged in projects beyond the show such as directing his first feature film.

This will be another big loss for Comedy Central. The network’s other political satirist Stephen Colbert left The Colbert Report last year. He will be taking over for David Letterman later this year.