Neil Cavuto, the first anchor hired by Fox News in 1996, is leaving the network, another casualty of cost-cutting in the TV news business, reports Stephen Battaglio of the Los Angeles Times.
Battaglio reports, “Cavuto will make his final appearance on the network Thursday on ‘Your World,’ his long-running daily business-oriented program. His current deal is up at the end of the month.
“Cavuto, 66, chose to leave the company after being offered a lower salary in a new contract, according to people familiar with the matter who were not authorized to discuss it publicly.
“‘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 company said in a statement confirming the anchor’s departure. ‘His programs have defined business news and set the standard in the entire industry.'”
Read more here. Cavuto is managing editor of business news for Fox News and Fox Business.
