India, Feb. 23 -- MSNBC's Joy Reid's show has been terminated as part of a major restructuring by the network's new president, Rebecca Kutler, according to a new report.

Citing insiders, theNew York Times reported thatAlicia Menendez, Michael Steele, and Symone Sanders Townsend will co-host a new panel show that will be aired at7 pm.

The Times reports that the final edition of Reid's show, "The ReidOut," which has been an integral part of MSNBC's programming for the previous five years, will broadcast later this week.

This is the first significant overhaul since Kutler took over as president of MSNBC earlier this month.

The Times reports that part of the reshuffle included the removal of weeknight anchor Alex Wagner from her anchor po...