Collins will continue to host The Source at 9 PM ET, marking the first time a primetime host has held the dual role of primetime host and Chief White House Correspondent for CNN.
The program will feature live look-ins at some of the largest parades in the country, as well as celebrities sharing their favorite holiday traditions.
"After 30 years of getting up at an ungodly hour, in the middle of the night basically, I have decided that early next year I am going to step away from the morning show."