TVNewser: Stossel Leaving ABC News, Joining Fox Business Network

TVNewser is reporting that "20/20" co-anchor John Stossel is leaving ABC News to join the Fox Business Network:

TVNewser has learned Stossel will host a weekly, one-hour program for the 2-year-old business channel. He's expected to signed a multi-year deal with Fox which will include regular appearances on Fox News Channel during daytime and primetime. He'll also host four, hour-long specials on Fox News, much like the business/consumer specials he'd hosted for years on ABC.

Stossel, a libertarian, has been appearing on Fox News for years as a guest on shows including "The O'Reilly Factor," "Hannity & Colmes" and "The Big Story."

Stossel joined "20/20" in 1981 and was upped to co-anchor in 2003. TVNewser has learned there was a window in Stossel's ABC contract which allowed him to jump to Fox.

Ken Shepherd
Ken Shepherd
Ken Shepherd is a writer living in New Carrollton, Md.