Neil Cavuto leaving Fox News

Neil Cavuto, a staple of Fox News and Fox Business programming for years, is leaving the network after nearly three decades.

Fox News confirmed Cavuto's departure; his last day on air will be Thursday.

Cavuto's contract with the network is up next week. A source familiar told The Hill the network offered a new deal, but the two sides failed to reach an agreement.

News of Cavuto's departure was first reported by Mediaite.

“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 said 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.”

One of Fox's longest-serving anchors, Cavuto currently anchors "Your World" on weekdays from 4 p.m. to 5 p.m., "Cavuto: Coast to Coast" on weekdays from 12 p.m. to 1 p.m. on Fox Business and "Cavuto Live" on Saturdays from 10 a.m. to 12 p.m..

The network said his programs will be helmed by rotating anchors until a new show debuts.