Business television presenter Maria Bartiromo is leaving broadcaster CNBC after 20 years to take a job at rival Fox Business Network, according to a source familiar with the matter.

CNBC President and Chief Executive Mark Hoffman announced Bartiromo's departure in a memo to employees on Monday and said she will leave the company when her contract expires on November 24. 

Hoffman did not say where Bartiromo was going, but a source familiar with the matter confirmed media reports that she was headed to Fox Business Network, the cable broadcaster founded six years ago by Rupert Murdoch's Twenty-First Century Fox Inc to take on CNBC, owned by Comcast Corp.

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Source: http://www.reuters.com