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Today Show Co-Hosts Address Billy Bush's Departure and Wish Him 'All the Best'

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The Today show team addressed Billy Bush’s departure on Tuesday.

Matt Lauer opened the show by confirming Bush had officially parted ways with the show Monday after the Oct. 7 leak of a 2005 tape in which then-Access Hollywood host Bush and Donald Trump made lewd and graphic comments about Nancy O’Dell and Arianne Zucker while filming a segment for the entertainment program.

“NBC News announced last night that Billy Bush would be leaving the Today show effective immediately, noting that he was a valued colleague and longtime member of the broader NBC family,” said Lauer, 58. “All of us here at Today wish Billy all the very best.”

Tamron Hall also took a moment to address Bush’s ousting, noting that it came after his involvement in the leaked tape.

“As a longtime member of the NBC family, we wish Billy all the best as he moves forward,” said Hall, 46.

Two days after the tape was leaked, Bush, 45, was suspended indefinitely from NBC talk show pending review. PEOPLE confirmed on Monday that Bush would be leaving his post effective immediately.

“Billy Bush will be leaving the Today show’s 9am hour, effective today,” the network said in a statement to employees. “While he was a new member of the Today team, he was a valued colleague and longtime member of the broader NBC family. We wish him success as he goes forward.”

Bush also issued an exit statement, which reads: “I am deeply grateful for the conversations I’ve had with my daughters, and for all of the support from family, friends and colleagues. I look forward to what lies ahead.”