Stephanie Elam is returning to her old home at CNN, the network said today. The former NYC-based business reporter for the cable news network will now serve as a correspondent based out of LA. Elam joined KNBC in October 2011 after nearly eight years at CNN. She was the station’s weekend evening anchor and general assignment reporter until November 2012. “Stephanie is an excellent communicator and tenacious reporter, and we are pleased to have her back as a part of the CNN family,” said Terence Burke, VP Newsgathering for CNN US, in a statement. Since Jeff Zucker took over this year, the network has been trying to enhance its West Coast presence by increasing the emphasis on the business aspect of the entertainment industry. Elam is the second LA hire by CNN in as many months, after KTLA-Los Angeles morning show anchor Michaela Pereira was announced as the news anchor for the network’s upcoming new morning show New Day, set to debut in June.