Sarah Palin is becoming a TV star.
The former Alaska Governor has signed a multi-year deal to serve as a contributor to the Fox News Channel, effective immediately.
"I am thrilled to be joining the great talent and management team at Fox News," Palin said in a statement. "It's wonderful to be part of a place that so values fair and balance news."
Terms of the deal were not disclosed. It is believed to be a three-year agreement.
Since resigning as Alaska governor last July, Palin has written a huge bestselling book, "Going Rogue," raked in huge bucks on the speaking circuit.
She's also become even more of a darling to the Republican right wing, many of whom hope she runs for President in 2012.
Some senior party officials believe her primary ambition is becoming wealthy instead of planning another national campaign.
"She's doing it for the money," one official scoffed.
Veteran GOP power broker Fred Malek, a Palin confidant, said she wants to remain a public figure and party force, but isn't trying to position herself for higher office.
"She wants to continue making her views known and her voice heard," Malek said. "It doesn't have anything to do with a political strategy in the future."
Fox News was eager to have her join the team.
"Gov. Palin has captivated everyone on both sides of the political spectrum and we are expected to add her dynamic voice to the Fox News lineup," Bill Shine, Fox News' executive vice president of programming said in a statement.
Palin has been no fan of the media, either. She slammed CBS' Katie Couric and ABC's Charles Gibson for the way she was treated in interviews during the presidential race.
She's also been in the middle of a tabloid squabble with Levi Johnston, the father of her daughter's child, over parental visitation.
Palin joins an on-air team that also includes former Arkansas Gov. Mike Huckabee, who hosts a weekend show, and Fox News analysts Newt Gingrich and Karl Rove.
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