Fox News host Neil Cavuto will leave the network after 28 years.
Mediaite first reported that Cavuto, 66, will have his last day on the air today.
A source told the outlet that his departure came about after he refused to sign a new contract, which was described as generous.
It remains unclear why he turned it down after nearly thirty years with the company.
In a statement, Fox News said: ‘Neil Cavuto’s illustrious career has been a masterclass in journalism, and we are immensely proud of his incredible 28-year career at FOX News Media.
“His programs have defined business news and set the standard for the entire industry. We wish him a sincere farewell and all the best in his next chapter.’
His programming has become known for his willingness to invoke newly elected President Donald Trump and has often been a target of Trump.
Cavuto has been an outspoken critic of the frequent denial of the Covid vaccine, especially after a second bout of the virus that nearly killed him.
Cavuto is photographed during his show “Cavuto: Coast to Coast,” on the Fox Business Network, in New York, Thursday, March 9, 2017
His programming has become known for his willingness to call out President-elect Donald Trump and has often been a target of Trump
A source also confirmed to Mediaite that his departure had nothing to do with Trump.
In September of this year, Trump criticized Cavuto as “one of the WORST on television” after Cavuto said he lost the debate to Kamala Harris.
In a Truth Social post, he said, “Neil Cavuto, Fox’s lowest rated host, is one of the WORST on television. I actually prefer the losers at CNN and MSDNC.”
Cavuto also went after the president-elect in 2020 after he promoted the use of hydroxychloroquine as a treatment for Covid.
Trump went on a Twitter rant, claiming the network had “more anti-Trump people by far than ever before.”
His former Fox colleague and conservative rabble-rouser Tucker Carlson also targeted him in 2020 after cutting then-White House press secretary Kayleigh McEnany.
McEnany had been repeating Trump’s claims about illegal voting when Cavuto decided to call it quits, much to the chagrin of Carlson, who called it media censorship.
He was diagnosed with multiple sclerosis in 1997 and underwent open heart surgery in 2016.
He helped launch “Your World” when the network first went live in 1996 and later helmed “Cavuto Live” in 2018.
In September of this year, Trump attacked Cavuto as “one of the WORST on television” after Cavuto said he lost the debate to Kamala Harris.
The network said a series of rotating anchors would take over Cavuto’s duties until a new show is announced in the new year.
His departure comes amid widespread budget cuts at cable news networks, including CNN.
Star journalists have left several networks rather than take smaller salaries.
This week, senior CNN contributor Gloria Borger announced her plans to leave the company after 17 years.
Her departure came just days after CNN anchor Alisyn Camerota abruptly resigned for the final time after a decade with the network.
Weeks earlier, executives cut ties with veteran Chris Wallace, who insiders had said days earlier would likely have taken a pay cut had he decided to stay. The 77-year-old reportedly earned $7 million a year.