Longtime anchor Neil Cavuto is leaving Fox News

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Fox News anchor Neil Cavuto is leaving the conservative cable giant after 28 years at the network, Fox News confirmed on Thursday.

Cavuto will issue a final farewell to viewers during the Thursday afternoon broadcast of his Fox News program Your World.

“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,” Fox News 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.”

A network source told The Independent that Cavuto’s departure comes after he declined a new contract, which was described as generous. As is the case with the shifting landscape of cable and broadcast news, Cavuto’s new deal saw the 66-year-old host receiving a cut in his salary.

This is a developing story and will be updated.

Source: independent.co.uk