Neil Cavuto Leaves Fox News after 28 Years
Fox News Anchor’s Departure due to Cost-Cutting Measures
Neil Cavuto, the first anchor hired by Fox News in 1996, is leaving the network after 28 years, another casualty of cost-cutting measures in the TV news business. Cavuto, 66, will make his final appearance on the network Thursday on "Your World," his long-running daily business-oriented program.
Cavuto’s Career and Achievements
Cavuto has had a distinguished career in journalism, serving as a news anchor and managing editor at Fox News and its sister channel, Fox Business Network. He anchored 12 hours of programming a week and was a popular figure among colleagues. Throughout his career, Cavuto has battled a number of health issues, including multiple sclerosis, open heart surgery, and cancer.
Reason for Departure
Cavuto chose to leave the company after being offered a new contract at a lower salary, according to sources familiar with the matter. This trend is not unique to Fox News, as big-name anchors across the TV news business are being asked to take lower salaries as ratings and revenues shrink. Hoda Kotb of NBC’s "Today" and Chris Wallace of CNN are two examples of anchors who have chosen to leave their roles rather than accept new deals at lower pay.
Fox News’ Reaction
Fox News Media released a statement on Cavuto’s departure, praising his career and achievements. "Neil Cavuto’s illustrious career has been a master class in journalism, and we’re extremely proud of his 28-year run with Fox News Media," the statement read. "His programs have defined business news and set the standard in the entire industry."
Legacy and Future Plans
Cavuto’s programs will continue without a successor, with a permanent replacement likely to be named from within the network. Cavuto has stated his plans to remain in the industry, but no further details have been disclosed.
FAQs
Q: Why is Neil Cavuto leaving Fox News?
A: Cavuto is leaving Fox News due to a new contract offer at a lower salary.
Q: How long did Cavuto work at Fox News?
A: Cavuto worked at Fox News for 28 years, starting in 1996.
Q: What are Cavuto’s future plans?
A: Cavuto has stated his plans to remain in the industry, but no further details have been disclosed.
