The FOX Business Network on Wednesday said it has signed a multi-year deal with former CNN anchor Lou Dobbs to host a daily program that will premier early next year.

In a statement, the financial news network said Dobbs will also appear on other FOX Business shows to provide analysis and commentary.

Prior to joining FOX Business, a unit of News Corp. (NASDAQ:NWSA), Dobbs served as an anchor, managing editor and executive vice president for CNN, hosting various programs including Moneyline, which premiered in 1980 and was later renamed Lou Dobbs Tonight. He left CNN a year ago after nearly three decades at the network amid controversy over his increasingly strong stand on the issue of immigration.

Dobbs is also a radio talk-show host and will continue to host his nationally syndicated radio programs and financial reports.

FOX Business’ executive vice-president, Kevin Magee, said in the statement, “FOX Business has always been about putting the smartest, most interesting people on television and the addition of Lou Dobbs will serve to strengthen the best lineup in business news. Teaming Lou with Managing Editor Neil Cavuto will make FBN a tough network to beat.”

Dobbs added, “I'm excited and feel privileged to join the great team that Rupert Murdoch, Roger Ailes and Neil Cavuto have created, and I can't wait to make whatever contribution I can to FOX Business."

Dobbs has won numerous prestigious journalism awards, including an Emmy for Lifetime Achievement, a George Foster Peabody Award for his coverage of the 1987 stock market crash, and the Luminary Award from the Business Journalism Review.