One of CNBC's most prominent on-air talents is heading out the door.
The cable news network confirmed Monday that anchor Maria Bartiromo is departing after a two-decade stint at the network, following a report on Drudge Report suggesting the journalist is moving to competitor Fox Business News. (Fox did not immediately confirm news of the move.)
"After 20 years of groundbreaking work at CNBC, Maria Bartiromo will be leaving the company as her contract expires on November 24th," reads a statement from a network rep. "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."
Bartiromo has been with the finance-focused network since departing CNN in 1995. She most notably served as host of daily program Closing Bell. The impending expiration of her latest five-year contract with the network drew interest from multiple parties.
During her time at CNBC, her expertise in finance and status as the first reporter in the history of television to broadcast daily from the floor of the New York Stock Exchange earned her the nickname "Money Honey."
In addition to her daily duties on CNBC, Bartiromo also hosted the weekly syndicated NBC program On the Money with Maria Bartiromo. The show was previously titled Wall Street Journal Report -- but changed names at the conclusion of CNBC and WSJ's 10-year deal, during which time WSJ was acquired by FBN parent News Corp.
Losing Bartiromo is an unfortunate blow to CNBC. The network has lost ratings ground to FBN of late and recent attempts at diversifying its primetime portfolio with reality and alternative programming have thus far been unsuccessful.
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