Bad guys and girls, rejoice! FOX has slashed 'America's Most Wanted' from its regular lineup. The fugitive-hunting show, which is the network's longest running series, will transition into quarterly specials and host John Walsh will see his role evolve, entertainment president Kevin Reilly told reporters Monday.

Reilly made sure to praise Walsh, who has hosted 'AMH' throughout its 23 season, but said at the FOX Upfronts in New York City that the decision to cut back was purely financial.