Maria Bartiromo Exiting CNBC for Fox Business Network

Maria Bartiromo

UPDATED: The financial journalist, "Closing Bell" host and 20-year NBC veteran is poised to head to the competitor at the end of her current contract.

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, following a report on Drudge Report suggesting that the journalist is moving to competitor Fox Business Network. (Fox would not confirm news of the move, though a source close to the matter confirms to The Hollywood Reporter that she will have a role on the network.)

"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 tough blow for 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.