Business television anchor Maria Bartiromo is leaving CNBC after 20 years to take a job at rival Fox Business Network, according to Reuters.
CNBC President and Chief Executive Mark Hoffman announced Bartiromo's departure in a memo to employees on Monday and said she will leave the company when her contract expires on November 24.
Hoffman did not say where Bartiromo was going, but a source familiar with the matter confirmed media reports that she was headed to Fox Business Network, the cable broadcaster founded six years ago by Rupert Murdoch.
A Fox spokeswoman said she did not have any announcement to make on Bartiromo on Monday.
A move to FBN would reunite Bartiromo with Roger Ailes, the cable-news impresario who noticed her talent early on while he was at CNBC, according to Variety.
The Drudge Report reported earlier that Bartiromo would be joining Fox Business Network, possibly as part of a broader deal that could also have her making appearances on Fox News Channel. The 21st Century Fox-owned unit has not made an announcement.
At present, Bartiromo anchors the network’s “Closing Bell,” which airs between 3 and 5 p.m. (Eastern) weekdays.