You will be redirected back to your article in seconds

CNN duo in for Dobbs

'Business Center' crunches in on 'Moneyline'

NEW YORK — Stuart Varney and Willow Bay will replace Lou Dobbs as co-anchors of CNN’s “Moneyline News Hour.”

Varney and Bay will take the reins of the “Moneyline News Hour” beginning July 19. Dobbs quit CNN after 19 years in early June to build Space.com, a Web site devoted to outer space.

Varney, a CNN financial anchor from 1980 to 1998, will return to the Turner net after a one-year hiatus from TV news.

In addition to co-anchoring “Moneyline,” Bay will retain her duties as co-anchor for the CNN primetime magazines “CNN & Fortune” and “CNN & Entertainment Weekly.”

Dobbs built “Moneyline” into one of CNN’s most profitable and influential programs. Because of “Moneyline’s” wealthy viewership, CNN charges about $6,000 per 30-second spot. That price towers over the roughly $1,500 CNBC charges for its financial news show, “Business Center.”

CNBC capitalizes

In an attempt to capitalize on Dobbs’ departure, CNBC increased “Business Center” to a full hour to compete head to head with “Moneyline” from 6:30 p.m. to 7:30 p.m. CNBC also replaced “Business Center” anchors Maria Bartiromo and Tyler Mathisen with Ron Insana and Sue Herera.

Last week, Insana and Herera’s first week competing with “Moneyline,” the CNBC anchors made inroads on CNN’s viewership.

The new “Business Center” increased the CNBC hour from a 0.3 (209,000 homes) to a 0.4 rating (238,000), according to Nielsen Media Research. That was good enough for a ratings tie with “Moneyline,” which decreased from a 0.5 (379,000 homes) to a 0.4 (293,000) for the week.

Steve Korn, vice chairman and chief operating officer, CNN News Group, said the new “Moneyline” will contain more financial reports in it’s first hour than “Moneyline” had under Dobbs, who was also president of CNN Financial News.

Prior to joining CNN in 1998, Bay was co-anchor of ABC News’ “Good Morning America/Sunday” for four years and a correspondent for ABC’s “World News Saturday” and “World News Sunday.”

In his 18 years at CNN, Varney has anchored shows such as “Your Money,” “Business Morning” and “Business Day.”

More TV

  • Winner of the 2019 Eurovision Song

    Netherlands' Duncan Laurence Wins 2019 Eurovision Song Contest

    Madonna’s controversial performance may have grabbed the headlines, but Duncan Laurence won the nearly four-hour-long 2019 Eurovision Song Contest for the Netherlands with the song “Arcade,” which he cowrote with Joel Sjöö and Wouter Hardy. Laurence won a total of 492 points from the expert juries and televoters in a contest that was touch and [...]

  • 'SNL' Cold Open Has Alec Baldwin's

    'SNL' Cold Open Has Alec Baldwin's Trump Rocking Out to Queen

    The cold open for the season finale of “Saturday Night Live” saw the Trump administration taking some liberties with a rock classic. Alec Baldwin returned as President Donald Trump, letting America know that he is going to be taking it easy now that summer is nearly here. He then said he was going to do [...]

  • Great Point Invests in U.K. Indie

    Great Point Invests in U.K. Indie Producer Seven Seas (EXCLUSIVE)

    U.K.-based Great Point has bought into Seven Seas Films, the British indie producer that recently teamed with BBC Studios for a drama series about the final months of Marilyn Monroe. Great Point has a new “enterprise investment scheme” fund, Great Point Ventures, and is primed to invest in several more film and TV producers in [...]

  • Outlander Season 4 Finale

    What CBS' Pursuit of Starz Means for CBS, Lionsgate

    CBS’ effort to buy pay TV service Starz from Lionsgate seems on the surface to be a head scratcher. CBS has told Wall Street for years that it has prospered because it brings only two must-have services to the table in negotiations with MVPDs, allowing the Eye to drive a hard bargain. Why would CBS [...]

  • Doha Film Institute Steps Up Documentaries

    Doha Film Institute Steps Up Documentaries and TV Series Grants

    The Doha Film Institute, which is at Cannes as a co-financier of Elia Suleiman’s competition entry “It Must Be Heaven,” has announced the 37 projects receiving its Spring Grants, roughly half of them to be directed by women. The latest batch of mostly Arabic fare set to tap into support from the DFI, a key [...]

  • Dana Brunetti

    Dana Brunetti Sues to Block Season 2 of 'Manhunt'

    Producer Dana Brunetti filed suit on Friday seeking to block the second season of the anthology series “Manhunt,” which is set to dramatize the bombing at the 1996 Atlanta Olympics. Brunetti sued Lionsgate, the production company, as well as Discovery Communications and Charter Communications. Brunetti, the producer of “Fifty Shades of Grey” and many other [...]

More From Our Brands

Access exclusive content