Sarah Palin, former governor of Alaska and 2008 Republican Vice Presidential candidate, will join the Fox News team as a regular commentator, the cable channel announced on Monday.

"I am thrilled to be joining the great talent and management team at Fox News. It's wonderful to be part of a place that so values fair and balanced news," Palin said in a statement.

Fox said that Palin will provide political commentary and analysis on Fox News, Web site, radio network and business cable channel. She also will also occasionally host episodes of Fox News' `Real American Stories` - a new series will feature true stories about Americans who have triumphed over adversity.

"Governor Palin has captivated everyone on both sides of the political spectrum and we are excited to add her dynamic voice to the FOX News lineup," said Bill Shine, executive vice president of programming.

The network hasn`t announced when Palin will start, or how much she will get paid. It is also unclear whether Palin will relocate to New York or commute from Alaska.

Palin is popular with conservatives and has more than 1.1 million Facebook followers. She exchanged wedding rings with conservative hubby Todd in 1988.

Palin stepped down as governor of Alaska in July, 17 months before the end of her term. This resignation caused wide speculation that she was interested in seeking the Presidency in 2012 – a claim Palin hasn`t outright dismissed.

Late last year, Palin released a memoir entitled Going Rogue. The book was met with success, and she participated in a nation wide book signing tour.