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Former Republican presidential candidate Herman Cain is joining Fox News Channel as a contributor who will "provide analysis and commentary across FNC's daytime and prime-time programming, as well as on Fox Business Network," a Fox executive said in a statement.

"Cain's impressive resume makes him a valuable addition," said Bill Shine, the news organization's executive vice president of programming. "As a political expert with business savvy, he brings an important voice to the nation's debates," Shine said.

Cain is perhaps best known for his 999 plan to reform the tax code by calling for a 9% flat tax on household income, 9% corporate tax and 9% national sales tax. The only allowable deduction would be for charity. The former candidate, who drew wide support from the Tea Party movement, also is known for an initially successful campaign that derailed after several women said he had sexually harassed them and one alleged a long-term extramarital affair. The former CEO of the National Restaurant Association and former CEO of Godfather's Pizza suspended his campaign in December 2011.

On his websites www.ThinkersVoice.com and www.CainTV.com on Friday, Cain acknowledged the move in a statement titled "Awww, Shucky Ducky!"

"I am very excited about the opportunity to be another voice for intelligent thinkers on Fox and to stand up for the conservative ideals that I campaigned for and that you all believe in," Cain wrote. "The United States of America is truly a great country, one where everyone has the opportunity to achieve their dreams. ... It is my goal to save the saveable, and this partnership with Fox will allow for a larger platform to do that."

He added, "We The People are coming."

On Twitter, Cain wrote via has @THEHermanCain handle, "I'm excited to be another voice for intelligent thinkers on @FoxNews!"

Social media crackled with the news.

New York University journalism educator Jay Rosen tweeted, "After Republican defeat, comical predictions and fallen ratings, the re-think is underway. Fox News signs Herman Cain."

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