Lou Dobbs Joins Fox Business Network

Former CNN host had hinted at a career in politics after final November broadcast.

Former CNN anchor Lou Dobbs has signed a multi-year deal with Fox Business Network, executive VP Kevin Magee announced Wednesday.

Dobbs will develop and host a new daily program set to premiere in first quarter 2011. He’ll also appear as an analyst and commentator across FBN programs.

In a statement, Dobbs said he is “excited” and “privileged to join the great team that Rupert Murdoch, Roger Ailes and [FBN managing editor] Neil Cavuto have put together.”

Dobbs left CNN last November after clashing with former CNN/U.S. president Jon Klein over the opinionated format of Dobbs’ show, particularly the hosts commentary on illegal immigrants and President Obama’s birth certificate.

At the time, Dobbs hinted that he may enter politics saying on his final CNN broadcast “some leaders in media, politics and business have been urging me to…engage in constructive problem-solving as well as contribute positively to a better understanding of the great issues of our day and to continue to do so in the most honest and direct language possible.”

But many observers expected him to end up at Fox’s news operation. And he never did retreat from the media spotlight. Dobbs has continued to host his radio program, and he is expected to do so when he joins FBN, said the Los Angeles Times. He also recently made a cameo appearance along with Democratic operative Joe Trippi on CBS’ The Good Wife.

FBN, which launched about three years ago, is currently in a little over 50 million homes, far less than business news ratings leader CNBC. FBN features multiple former CNBC anchors on its air including Liz Claman, Charles Gasparino and most recently Dennis Kneale.