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Joan, Melissa Exit E!

Joan and Melissa Rivers, who kept watch over the red carpet for E! Entertainment Television for nearly a decade, have parted ways with the network, it was announced Wednesday.

The quip queen and her daughter/cohost are bound for the TV Guide Channel.

Melissa Rivers made her final E! appearance Monday during a tearful Trendspotting segment for E! News Live. Joan Rivers' final appearance came post-Oscars in March.

E! described the Riverses' joint decision to leave as an amicable one.

"We will miss their humor and spirited outlook on the worlds of entertainment and fashion, and wish them all the best of luck and success in their new endeavors," Mark Sonnenberg, executive vice president of entertainment for E! Networks, said in a statement. (E! Online is a division of E! Networks.)

No immediate word on who will replace the twosome.

Although terms of the Riverses' new pact with the TV Guide Channel were not disclosed, various published reports put the value between $6 million and $8 million over three years.

"No one can match their incisive commentary, biting humor and inside knowledge of Hollywood," Ian Aaron, president of the TV Guide Television Group, said of Rivers and her daughter.

Currently, the TV Guide Channel offers a mixed of canned celebrity interviews, canned event coverage and scrolling TV listings. In nabbing Team Rivers, it appears committed to duplicating the sort of work that the mother and daughter tag team pioneered on E!

In a statement, Joan Rivers said the prospect of building "another beginning" appealed to her.

"I helped launched the Fox network, joined E! early on and was able to work with my daughter, Melissa, and now, the two of us have joined forces, once again, to help propel TV Guide Channel to a new level," Rivers said. "It couldn't be better."

Joan and Melissa Rivers debuted on E! in 1996, back when there was no such thing as a awards-show "pre-show." Sonnenberg praised the duo for "playing a key role in developing E!'s Live from the Red Carpet into one of the most recognizable and popular television franchises in the world today."

For E!, the two camped out the major award events, armed with questions and wisecracks. Celebrities weren't safe after the red carpets were rolled away. Joan and Melissa hosted Fashion Police specials for E!, dishing on the best and worst designer duds they witnessed from the front lines.

Joan Rivers, 71, came to E! after salvaging her career from the wreckage of the late 1980s, following the cancellation of her much-hyped Fox talk show, the suicide of her husband-manager, Edgar Rosenberg, and her exile from the late-night TV scene.

Rivers, once the permanent guest host on the Johnny Carson-era Tonight Show, moved on to game shows (occupying center square in the 1980s version of Hollywood Squares), Broadway (Neil Simon's Broadway Bound), daytime TV (hosting an Emmy-winning 1989-93 talk show), and fashion- and jewelry-designing, before taking her act to E!

Prior to sharing red-carpet space on E!, Joan and Melissa Rivers costarred together in the 1994 TV movie, Tears and Laughter: The Joan and Melissa Rivers Story, about their estrangement following Rosenberg's death.

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