"Anyone who listens to his talkSPORT commentary will know how enthusiastic he is and how he can have the audience in the palm of his hand".
Showbiz reporter Richard Arnold told presenters Ben Shephard and Kate Garraway how ITV bosses were scrambling to find a replacement for the show.
"Dancing On Ice fans will love him".
He has been at the radio station since 2010.
"I've chose to hang up my skates, leave the rink and return to the turf and I wish the show the best of luck for the rest of the run", he told The Sun.
Matt, who normally works on horse racing, joined the series this year replacing Tony Gubba who passed away in 2013.
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It said the firm remained in constructive dialogue about short term financing while "longer term discussions are continuing". A Government spokeswoman said: "Carillion is a major supplier to the Government with a number of long-term contracts".
Matt had spent months learning the moves and the 12 contestants - comprised of Brooke Vincent, Kem Cetinay and Donna Air - in time for the first show last weekend.
He added: 'I wish the show the best of luck for the rest of the run'.
Singer Lemar has since stepped in.
Insiders claimed he chose to quit the show due to a schedule clash, with a source telling the paper: 'Matt decided he couldn't make his diary quite work as he thought.
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Matt, who usually sizes up racing fillies rather than celeb figure skaters, made his debut on the rebooted reality show at the weekend, but he came in for some stick from viewers unsure about his delivery.
Despite the negative reviews, Matt later insisted he was going to change the public's opinion, telling his followers: 'Hey people thanks for loads of kind comments @dancingonice.