Joy Reid will exit MSNBC with the changes, while José Díaz-Balart and Katie Phang will also lose their dayside hours.

MSNBC is set to drop Joy Reid's "The ReidOut," which will air its final show on the network this week, TheWrap has learned. The cancellation is part of Rebecca Kutler's vision for the network moving forward.

The network is making plans to launch a show featuring The Weekend anchors Symone Sanders Townsend, Michael Steele and Alicia Menendez into the 7 p.m. ET slot, according to a source familiar with the matter. The show would run for two hours on Mondays and for one hour from Tuesday to Friday.