BBC Director-General Tony Hall announced the decision in a statement today and released a summary of the investigation into what happened (available here in PDF format).
"It is with great regret that I have told Jeremy Clarkson today that the BBC will not be renewing his contract," begins the statement. Halls calls Clarkson a huge talent and says that the Top Gear host has made an "extraordinary contribution" to the network.
The decision certainly leaves the future of Top Gear in doubt, and it's still unclear whether the rest of the current season ever sees the air. Hall's statement is clear that the BBC is looking to renew the show for 2016, though. Although, he admits, "This will be a big challenge and there is no point in pretending otherwise." Co-hosts James May and Richard Hammond have said that they would not be on the program without Clarkson.
