The on-air announcement just happened. Rosie's not going to be back next year full-time, she'll be filling in and guest hosting only.
Ther explaining that she and ABC execs couldn't agree on an extension of the contract and the number of years. Babs is making it clear that she is not involved with contract negotiations. Seems to be very amiable.
Now everyone is browning their noses on the situation. It's all a big love fest.