Fox News announced on Monday that Neil Cavuto, who has been with the network since its inception in 1996, will be leaving the network after nearly three decades

Neil Cavuto is parting ways with Fox News after a remarkable tenure of nearly three decades. The network confirmed Cavuto’s departure, who boasts an estimated net worth of $25 million, with his final appearance scheduled for Thursday.

As Cavuto’s current contract expires next week, sources reveal that despite the network proposing a new deal, an agreement to retain Cavuto was not reached.

“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,” the network expressed 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.”

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Cavuto stands as one of Fox’s longest-serving anchors.

Alongside primetime’s Sean Hannity, he was among the few remaining anchors who had been with the right-wing network since its inception in 1996. Over the years, he earned a reputation for upholding Fox News’ original mantra of “fair and balanced,” frequently questioning Republicans and conservatives as much as liberals and Democrats.

He currently hosts Your World on weekdays from 4 to 5pm, Cavuto: Coast to Coast on weekdays from 12 to 1pm on Fox Business, and Cavuto Live on Saturdays from 10am to 12pm.

The network announced that his programs will be hosted by rotating anchors until a new show premieres.

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The Independent disclosed that Neil Cavuto chose to leave after turning down what was reportedly a generous new contract offer. According to a network source, Cavuto faced a pay reduction with the new deal.

Also, for nearly ten years, Trump has been vocal about his issues with Cavuto’s commentary; however, if this were truly problematic, it would have been addressed significantly earlier. On top of that, talks over the new contract had started before Election Day.

Previously dealing with health challenges including multiple sclerosis, stage 4 cancer, and open-heart surgery, in 2022 Cavuto contracted COVID-19 for the second time, which resulted in an absence from work lasting around five weeks. Post-recovery, Cavuto experienced death threats when he went public with his initial diagnosis and pushed for vaccination as a means of protection, especially for the vulnerable.

“Let me be clear,” Cavuto stated on air, “Doctors say had I not been vaccinated at all, I wouldn’t be here.”

He described his second encounter with the virus as a more severe case involving what physicians referred to as COVID pneumonia, landing him in the ICU for an extended period. He requested Fox News to maintain confidentiality regarding his illness, as he didn’t want to create a narrative centered on himself, yet felt obligated to explain his lengthy hiatus to the audience.

Furthermore, Cavuto refuted the suggestion that his hospitalization was a vaccine side effect, dismissing such talk as a “grassy knoll theory.”