As runors continue to swirl about a cast shake-up on As the World Turns, one actor has confirmed his exit: Jon Prescott wrote on his website this week that he's leaving the series.

The message on the site cites budget constraints as the reason for going elsewhere.

"I'd like to express my gratitude to the entire cast, crew and production team [on As the World Turns] who have made this an irreplaceable experience. Most importantly, thank you to the fans who have been energetic supporters of both Mike Kasnoff and the show as a whole," the actor wrote.

Matt Richenthal is the Editor in Chief of TV Fanatic. Follow him on Twitter and on Google+.