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Dorfman to Write for Financial World Magazine

December 04, 1996|From Associated Press

Dan Dorfman, the controversial stock market columnist and TV commentator who was fired from his job at Money magazine early this year, has found a new forum.

Financial World magazine said Tuesday it has hired Dorfman to write a monthly column beginning with its February issue. Dorfman has not appeared on the CNBC network since suffering a stroke in May.

"I'm very gung-ho about the opportunity to once again contribute to a top business publication," Dorfman said in a statement. "I read the magazine regularly and like what it has to say."

Dorfman, who turned 66 two weeks ago, was fired Jan. 1 from his $450,000-a-year job at Money for refusing to reveal confidential news sources to his editor.

The move followed published reports that federal authorities were investigating his relationship with a stock promoter.

Subsequent reports said the probe included questions about whether Dorfman profited from his television reports by trading on them or accepting favors.

Federal authorities have never commented on the reports, and Dorfman has repeatedly maintained his innocence.

Dorfman is still under contract with CNBC, where his brief raspy-voiced reports would often give a midday jolt to the market. But the network would not speculate on when he might return to the air.

Dorfman filed one report in July, but his words were read by an anchor.

"He's doing well and still recovering and he's certainly capable of reporting, but the physical demands of appearing five days a week on television are obviously greater than writing a monthly column," CNBC spokesman George Jamison said.

Dorfman began his career covering the retail business for the trade paper Women's Wear Daily. He wrote the "Heard On The Street" stock column for The Wall Street Journal in the 1960s and also has written for New York magazine, Esquire, and USA Today.

He joined CNN in the 1980s, offering daily reports after the markets closed.

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