Neil Cavuto, a longtime Fox News anchor who joined when it launched in 1996, is exiting the cable news network.
Cavuto’s contract with Fox News was due to expire at the end of 2024; the network offered him a new deal and he declined, a source familiar with the situation said. His departure comes as TV news orgs across the board continue to try to rationalize costs for high-priced talent. Cavuto has overseen business news content for both networks and leads special events coverage for Fox Business Network.
“Neil Cavuto’s illustrious career has been a master class in journalism and we’re extremely proud of his incredible 28-year run with Fox News Media,” a rep for the network said in a statement. “His programs have defined business news and set the standard for the entire industry. We wish him a heartfelt farewell and all the best on his next chapter.”
Cavuto currently anchors “Your World” (weekdays 4-5pm) on Fox News, “Cavuto Coast to Coast” (weekdays 12-1pm) on Fox Business Network and “Cavuto Live” on Saturdays from 10am-12pm.
Fox News Media will announce new programming in the new year on FNC and FBN to replace Cavuto’s timeslots. For now, “Your World” on Fox News will be helmed by rotating anchors until a new show debuts. “Coast to Coast” on FBN becomes “Fox Business Live” anchored by rotating hosts until new programming debuts. In addition, “Cavuto Live” on Saturdays becomes “Fox News Live,” also helmed by rotating anchors.
More to come
