It was leaked out last week that this day was coming for a few of these shows, but the announcement was officially made yesterday. The Cycle, Now with Alex Wagner, and the Ed Show are out. Alex Wagner and Ari Melber will be kept on in some other capacity, but the rest of the hosts are goners including Ed Schultz, Abby Huntsman, Toure, and Crystal Ball.
Full details are here.
Sounds to me like MSNBC is going for more hard news coverage. To be honest, as someone who would like to be able to watch actual news occasionally, I'm all for that.