"E! News" is returning to an hourlong format Oct. 25, with E! canceling 7:30 p.m. companion show "Daily 10."

Ryan Seacrest and Giuliana Rancic anchor and serve as managing editors for "E! News," which just posted its highest-rated month and quarter ever. Beth McCauley exec producers.

The hourlong version will incorporate elements of "Daily 10," which premiered in March 2006 and has been hosted by Catt Sadler and Sal Masekela.

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