Fox News is expected to announce later this afternoon that "Fox News Sunday" anchor Chris Wallace has signed a new contract with the network to continue anchoring the Sunday program.
Wallace took over as anchor of "Fox News Sunday" in late 2003 after Tony Snow left.
With Wallace as anchor "Fox News Sunday" has continued to rank in the top three in the DC market, coming in at number two last Sunday.
"I am delighted to know where I'm going to be spending my Sunday mornings for the next few years -- and to be part of an outstanding FOX News team covering the changing balance of power in Washington, the 2012 Presidential election, and beyond," Wallace said in a statement.
Before joining Fox News, Wallace was at ABC News for 14 years as a senior correspondent for "Primetime Thursday" and as a substitute anchor for "Nightline."
This post was updated at 4:02 p.m. with an comment from Wallace.