UPDATE 1-Fox Business in talks with CNBC editor Gasparino

* Gasparino left last Friday -CNBC

* Gasparino in talks with Fox Business -Fox

(Adds CNBC comment, background)

NEW YORK, Feb 16 (BestGrowthStock) – News Corp’s (NWSA.O: ) Fox Business
Network is in talks with rival network CNBC’s former on-air editor
Charles Gasparino, according to a person familiar with the matter,
as Fox attempts to bulk up on talent on the fledgling business news
network.

Gasparino is best known for breaking numerous stories on
major U.S. banking names like Merrill Lynch and Morgan Stanley,
particularly during the peak of the financial crisis.

According to a CNBC spokesman, Gasparino’s last day with the
business network was last Friday. “We thank Charles for all his
quality contributions and wish him the best,” said CNBC
spokesman Brian Steel.

CNBC declined to elaborate.

In the last year Gasparino has developed a tense on-air
relationship with some of his fellow presenters, including a famous
meltdown with co-presenters like Dylan Ratigan.

Fox has been attempting to raise the profile and ratings of its
two-year-old network by recruiting talent like radio host Don Imus
for its morning show.

Since its launch in October 2007, Fox Business has
struggled to eat into CNBC’s ratings dominance in U.S. business
television. Fox Business says it is available in just over 50
million U.S. homes, compared with the roughly 95 million homes
that receive CNBC in North America.

Despite Gasparino having already left CNBC there is no
guarantee he will end up on Fox Business. Veteran business
journalist and news anchor Lou Dobbs was widely expected to surface
at Fox after he quit CNN last November.

There were reports last year that he had met with Fox News
chief Roger Ailes but Dobbs has yet to be unveiled as a
presenter on any Fox channel.

A Fox Business spokeswoman confirmed a report by blog TV Newser
(http://bit.ly/bAJHYr) that Gasparino is in talks with Fox
Business.

CNBC, which launched 21 years ago, is part of General
Electric Co’s (GE.N: ) NBC Universal unit.

Stock Investing

(Reporting by Yinka Adegoke; Editing by Steve Orlofsky, Phil
Berlowitz)

UPDATE 1-Fox Business in talks with CNBC editor Gasparino