Fox Business signs Dobbs

Fox Business Network announced Wednesday it has signed a multi-year deal with former CNN anchor Lou Dobbs.

Dobbs will develop and host a new daily program premiering in the first quarter of 2011. He will also make appearances across Fox Business programs to provide analysis and commentary on business news of the day.

“Fox Business has always been about putting the smartest, most interesting people on television, and the addition of Lou Dobbs will serve to strengthen the best lineup in business news,” said Kevin Magee, executive vice president for the network, in a statement. “Teaming Lou with managing editor Neil Cavuto will make FBN a tough network to beat.”

Dobbs added, “I’m excited and feel privileged to join the great team that Rupert Murdoch, Roger Ailes and Neil Cavuto have created, and I can’t wait to make whatever contribution I can to Fox Business.”

Prior to Fox Business, Dobbs served as an anchor, managing editor and executive vice president for CNN, hosting various programs including “Moneyline,” which premiered in 1980 and was later renamed “Lou Dobbs Tonight.” Dobbs is also a radio talk show host and will continue to host his nationally syndicated radio programs and financial reports.

Throughout his career, he has been recognized with multiple honors including an Emmy award for Lifetime Achievement and a George Foster Peabody Award for his coverage of the 1987 stock market crash. In addition, Talkers magazine listed him as one of the top 10 most important radio talk show hosts in America.