She also denied reports that Hasselbeck has lost favor with "The View" for her conservative political stances, something Walters says "we value and appreciate."
Hasselbeck has been on "The View" for a decade.
Walters also confirmed that Joy Behar will exit the show in August. Behar was among the first co-hosts with Walters when "The View" debuted in 1997. She announced her planned departure last week.