Sherri Shepherd announced Thursday that she will be leaving “The View” while co-host Jenny McCarthy said that she may also depart from ABC’s long-running morning talk show.

Shepherd reportedly said, in a statement, that after “careful consideration” she has decided it is time for her to move on. The 47-year-old comedian, who has been associated with the show for seven years, revealed the news of her departure a month after Barbara Walters’ retirement from on-camera duties. A source, who spoke on condition of anonymity, told Associated Press, or AP, that Shepherd had been negotiating a new contract, but she and the network "failed to reach an agreement."

"I am extremely grateful to Barbara Walters and Bill Gedde for giving me the opportunity. I look forward to the business opportunities that lay ahead for me and I am incredibly grateful to my View family and my fans for supporting me on this journey," Shepherd reportedly said, in a statement.

Shepherd’s fellow host McCarthy, who joined the show last September, took to Twitter writing that her journey with “The View” may also come to an end.

However, AP reported, citing a person familiar with the situation, that the reason behind McCarthy’s exit could be that her one-year contract has not been renewed by the network.

According to reports, ABC did not comment on the news of the exits but said that the show, which is currently on a break but returns in July to conclude the current season, is undergoing some changes. Whoopi Goldberg is the only host who is currently still on the show, while TMZ reported that executive producer Bill Geddie may also not return to the show.

Ross Mathews and Jesse Palmer are being considered by ABC to fill the gap left behind by Shepherd and McCarthy, TMZ reported. The online celebrity news website also reported that Rosie O'Donnell, who was replaced by Goldberg in 2007, could be returning to the show.