Lou Dobbs signs with Fox Business Network

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NEW YORK (AP) — Former CNN anchor and current radio talk show host Lou Dobbs is joining the Fox Business Network.

The network said Wednesday that Dobbs will host a new daily program that will start in the first three months of next year. He’ll also provide analysis and commentary on business news throughout the network’s day.

Dobbs, who had spent more than 25 years at CNN, was once the most influential business anchor in broadcast journalism with his “Moneyline” show in the 1990s.

During the last decade, his program gradually changed into an opinionated general news program. His campaign against illegal immigration made him a focus of political controversy. He tried to tone things down at CNN’s request but quit a year ago, concluding that it was no longer a good fit.

Since then, he has hosted a weekday syndicated radio show and has contemplated running for political office.

Fox Business launched in 2007 and is in more than 50 million homes nationwide, or a little less than half the homes with television. It has had an uphill fight in competing with the more established CNBC.

Dobbs did not immediately return phone and e-mail messages to talk about his new venture.