The
British-born TV host made the controversial remarks last month after Mrs Palin,
a former Alaska governor, compared the US indebtedness to China with slavery.
Mr Bashir
has since apologised for the comments, but has failed to quell the uproar.
"After
making an on-air apology, I asked for permission to take some additional time
out around the Thanksgiving holiday," he said in a statement.
"Upon
further reflection, and after meeting with the president of MSNBC, I have
tendered my resignation.
"It
is my sincere hope that all of my colleagues, at this special network, will be
allowed to focus on the issues that matter without the distraction of myself or
my ill-judged comments."
Martin Bashir gained prominence
for a 1995 interview with Princess Diana
Mr Bashir
added: "I deeply regret what was said."
His
resignation, effective immediately, was accepted by MSNBC president Phil
Griffin, who in a statement thanked him "for three great years" with
the network.
"Martin
is a good man and respected colleague - we wish him only the best," Mr
Griffin said.
There was
no immediate reaction from Mrs Palin, who had previously accused MSNBC of
condoning Mr Bashir's comments.
Mr Bashir
criticised Mrs Palin and her "long-diseased mind" after playing a
video of her speech about China.
He told
the story of Thomas Thistlewood, a former overseer at a plantation who
described in diaries how he dealt with wayward slaves by, in one case, having
another slave defecate in the mouth of the miscreant.
In
another case, someone urinated in the face of a slave being punished.
"When
Mrs Palin invokes slavery," Mr Bashir said, "she doesn't just prove
her rank ignorance, she confirms (that) if anyone truly qualifies for a dose of
discipline from Thomas Thistlewood, then she would be the outstanding
candidate."
Mr Bashir
won attention for his exclusive interview with Diana, Princess of Wales, in
1995 and for documentaries including Living With Michael Jackson, which aired
on ABC in 2003 to a huge audience.
He joined
ABC in 2004 and moved to MSNBC in 2010.
Mr
Bashir's exit from MSNBC took place shortly after Alec Baldwin was suspended
from his weekly talk show after just two weeks for using anti-gay slur in a New
York City street encounter.
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