Award-winning journalist John Stossel is joining FOX News Channel and FOX Business Network.

Stossel, best known for his work as co-anchor of ABC News' "20/20," will anchor "Stossel," a weekly program on FOX Business Network, and make regular appearances on FOX News Channel, it was announced Thursday.

The one-hour program will feature in-depth reports on domestic and international libertarian issues and will debut during the fourth quarter of this year in FBN's primetime lineup. Stossel and a panel of experts will explore a wide range of topics including civil liberties, the business of health care and Social Security.

He will also host a series of one-hour specials on FOX News Channel and write a blog called "Stossel's Take."

"John Stossel is one of the most talented and thought-provoking journalists in the field and we are extremely excited to welcome him to the FOX Business team," FOX Business Network Executive Vice President Kevin Magee said. "His insights on consumer-related issues are unparalleled and will be a natural complement to our business programming."

Prior to his work on "20/20," Stossel held consumer reporter positions for "Good Morning America" and New York City's WCBS-TV. He has received 19 Emmy awards and has been honored five times for excellence in consumer reporting by the National Press Club.

"I'm thrilled to join FOX News and look forward to inventing a new show for FOX Business," Stossel said.

Terms of Stossel's contract were not disclosed.