Host Neil Cavuto, who has worked for Fox News for 28 years, will reportedly announce his departure after his show “Your World” on Thursday afternoon.

“Cavuto is one of the few remaining on-air talent still with the network after joining at its inception in the late 1990s.

A beloved presence at Fox, his exit is not the consequence of any bad blood, but rather an increasingly common industry reality: Cavuto was offered a new contract,

which he declined to accept his new deal. Fox wanted him to stay on board, but a source explained that he ultimately decided to leave,” Mediaite reported.

“The cable news industry has seen a season of belt-tightening that has resulted in similar departures of star journalists who have opted to quit their networks instead of taking a smaller salary.

While Fox News is on much better footing than its competitors — thanks to continued ratings dominance and a successful multi-platform strategy — even Rupert Murdoch’s news behemoth is not immune to the new realities of the business,” the outlet added.