MUMBAI: His is a familiar face if you watch Fox business news, in your hotel or when you are traveling overseas visiting relatives or friends or on business. Viewers will no longer get to see Neil Cavuto, one of the better known business news anchors, as well as the sr vice-president & managing editor of business news for both Fox News channel (FNC) as well as Fox Business News (FBN)
He also hosts FNC’s Your World with Neil Cavuto, FNC’s Cavuto Live and FBN’s Cavuto: Coast to Coast. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and leads special events coverage for FBN.
Neil, 66, announced his resignation on air during his afternoon show Your World, saying he was not leaving journalism, he was just leaving Fox. One of the first anchors to join Fox News when it launched in 1996, he parachuted from CNBC to the Murdoch owned news station. So he had been there for some 28-odd years.
The bespectacled anchor used to host some 12 hours of shows every week, according to CNN. He was known to be a Trump critic and he would fact check almost every financial and economic statement or assumption his administration or his staff would make. He believe his role as a journalist was to sift the wheat from the chaff and bring the truth to his viewers.
But he lost a lot of his viewers – especially those who favoured the Republicans - because of his Trump trashing, though he also gained some praise from others who liked his penchant for facts.
Trump celebrated his departure by stating: on his Truth Social platform “GOOD NEWS FOR AMERICA! Neil Cavuto, the Lowest Rated Anchor on Fox, by far, is leaving - Should have happened a long time ago!”
According to sources, Cavuto was offered a renewal contract with a lower compensation packet, indirectly asking him to leave. Others see in it a way of cost-cutting in a news industry buffeted by lower ad revenues.
“‘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 Cavuto's departure. ‘His programs have defined business news and set the standard in the entire industry.'”
Most journalists are awaiting what his next move will be.