TODAY -- Pictured: Jane Pauley appears on NBC News' 'Today' show -- (Photo by: Peter Kramer/NBC/NBC NewsWire via Getty Images)

Jane Pauley is leaving NBC News after 40 years to join CBS News.

Pauley will be a contributor on "CBS Sunday Morning." Bob Schieffer, host of "Face the Nation," announced the news while speaking at the annual Schieffer Symposium on the News at Texas Christian University on Wednesday.

Pauley was part of the panel and portrayed the move as a homecoming of sorts, pointing out that she began her journalism career at a CBS station in Indianapolis. She said the network was the reason she "had a 40-year career at NBC."