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Chuck Todd will be bowing down from moderating NBC's Meet the Press; current Weekend Today co-anchor Kristen Welker will be taking the spot:
tvline.com 

A well deserved promotion for Welker. I have generally thought NBC News' political correspondents are really fond of their job and really love what they do, and both Todd and Welker are no exception. However, I think the move has to do more with ratings and credibility than being purely Todd's personal decision.

Since the death of Tim Russert, MTP's ratings have been declining in big ways, mainly due to ABC's This Week taking on a "trendier" presentation since the return of George Stephanopoulos (and his eventual succession by Martha Raddatz and Jonathan Karl) and Face the Nation having a more journalistic approach under Margaret Brennan (and thanks to being the lead-out for Sunday Morning and the bridge to NFL coverage). Even if the ratings have recovered under Todd (after the difficult David Gregory tenure, and still is #1 in some periods, alternating with Face the Nation), MTP is nowhere as dominant as before, but has successfully found a new audience thanks to the brand taking these risks by extending it to the daily MSNBC/NBC News Now show and its branded events.

Yes, Todd and Welker are no Tim Russert nor Andrea Mitchell, but they have successfully continued their legacy by being fully dedicated and passionate for what they do. In my opinion, NBC News has had consistently the best network political team, so no doubt Welker will be a very great successor for him.