Ratigan Update: Off the Air

More details are emerging about the abrupt departure of Dylan Ratigan from CNBC. We just got off the phone with CNBC spokesperson Brian Steel who says, “Dylan has told us he is leaving effective today.”

In what was a mutual decision, Steel tells TVNewser, “Due to the serious economic times in which we live, we made a decision that it would be a distraction for Dylan to host ‘Fast Money’ today.”

Melissa Lee is expected to fill in on “Fast Money” for the time being.

• Earlier: Dylan Ratigan Departing CNBC

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