CNBC personality Alexis Glick signed on as the No. 2 business executive behind Neil Cavuto at Fox News Channel on Tuesday, a move that suggests that Fox is preparing for the possible launch of its own business network.

Glick will help direct the network's business coverage and appear on-air if Fox owner News Corp. decides to start the business channel. That new channel has been talked about for years, but Fox chief Roger Ailes has said he won't pull the trigger unless he gets enough distribution on cable and satellite systems.

"We're not quite at that stage when we can do that, but we're close to it,"Cavuto said."I'd be foolish, as the guy who does business news, not to prepare ourselves for the possibility."

Cavuto said he admired Glick because"she not only talks the talk, she has walked the walk."

Before getting into television, Glick, 34, was an executive director at Morgan Stanley, where she led New York Stock Exchange floor operations. She switched gears and became a reporter at the stock exchange for CNBC's"Squawk Box."CNBC is owned by General Electric Co.

Glick, who is pregnant with her third child, said she's looking forward to getting back into a management role.

Fox, a division of News Corp., was attractive to her because it had the ability to look at many news stories as business stories, she said.

Glick did work last year for the third hour of NBC's"Today"show. She was briefly rumored to be a contender for Katie Couric's job _ reports she called overblown _ and the"Today"work stoppedwhen it became apparent she wouldn't be a regular there.

No hard feelings, Glick said.

"I was green. I was a rookie,"she said."I had the opportunity of a lifetime. I will always look at Katie as if I got the opportunity to work with Walter Cronkite, except it was Katie Couric."

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