A longtime correspondent for CNBC is leaving the cable financial news channel and taking a job with an online operation. Business Insider reports that today is the last full-time day at CNBC for senior stock correspondent Herb Greenberg.
Greenberg will return to TheStreet.com, where he was senior columnist from 1998-2006.
"In his new role, Greenberg will be the editor of Herb Greenberg’s Reality Check, a subscription newsletter for investors focused on risk," the publication reports. "In a post on Facebook, Greenberg explained that his CNBC contract was about to expire and that he and his wife decided to move back to San Diego."
Greenberg plans to continue as a contributor to CNBC, and reportedly will put in a camera to enable him to report from his home in California, along with visiting the studio part time.
Elisabeth DeMarse, CEO and Chairman of TheStreet, said in a statement: "We’re thrilled Herb Greenberg is returning to TheStreet. No one is more passionate and does more work around companies and industries than Herb does. He sparks serious conversation to help investors separate speculation from reality by shining a spotlight on risks. Our goal is to educate investors, and help investors make money. But avoiding losing money is just as important as making it — and nobody does it better than Herb."
Greenberg added: "I’m excited to be returning to my online journalism roots. A lot has changed over the years, but one thing hasn’t: TheStreet stands out as an independent, edgy voice. It remains a perfect place to give investors a dose of reality — and remind them of the risk many choose to ignore."