Multimedia company SPACE.com said on Tuesday that its founder, former business news anchor Lou Dobbs, will step down as chief executive officer and return to the CNN Moneyline Newshour on May 14.
The company's president, John Ferrara, will oversee the company until a successor is named.
Mr. Dobbs founded the business news program Moneyline about 20 years ago on cable television news network CNN, now part of Internet/media conglomerate AOL Time Warner Inc.
He left Moneyline nearly two years ago and founded SPACE.com, which operates a Web site dedicated to space-related subjects and also publishes Starry Night astronomy software. Its two principal strategic media partners are Gannett Co. Inc. and General Electric Co.'s NBC broadcast TV network.
Mr. Dobbs will maintain his significant investment in SPACE.com and remain on its board of directors, the company said. Management is "well positioned to take the company to profitability in the next nine months," he said in a company statement.