CNBC's Maria Bartiromo, anchor for the network's Closing Bell and host/managing editor for On the Money, is leaving the finance network for its competition. The exec is joining Fox Business Network, Twenty-First Century Fox's competing finance news cable network. The news was first reported by The Drudge Report.
While CNBC certainly didn't have its best quarter in Q3 of this year (the network's total day ratings were off by 29 percent in the news demo, adults 25-54), the move to FBN won't increase Bartiromo's viewer base: Fox Business dipped from a mere 14,000 demo viewers to 9,000 for the same period.
"The new deal calls for Bartiromo to anchor a daily market hours program," Drudge wrote. Bartiromo will join former CNBCer Neil Cavuto at her new port of call.
"After 20 years of groundbreaking work at CNBC, Maria Bartiromo will be leaving the company as her contract expires on Nov. 24," CNBC's Brian Steel said in a statement. "Her contributions to CNBC are too numerous to list but we thank her for all of her hard work over the years and wish her the best."