Fox News Channel anchor Neil Cavuto has signed a new multi-year deal to remain with the channel and with Fox Business Network. The news was announced Wednesday by Roger Ailes, Chairman and CEO of Fox News.
Under the deal, Cavuto will continue to serve as Senior Vice President, Anchor and Managing Editor of Business News for both channels.
“Neil is a world class financial journalist and a tremendous leader,” Ailes said in a statement. “Serving as both an anchor and executive, he’s played an integral part in the success Fox News and Fox Business. I’m pleased he’s agreed to continue in this pivotal role for both networks.”
“It’s hard to believe it’s been nearly 20 years since I joined Roger Ailes from CNBC on this seemingly suicide television mission called Fox News,” Cavuto said. “But I will never forget his drive and his patience, with our mission and with me! He would often remind us all that you never get a second chance to make a good first impression, so make it count. Whether starting Fox News or later Fox Business or doing a debate, he stressed that if you connect with viewers out the gate, pretty soon they’ll be storming that gate to connect with you. Darn, if he wasn’t right. Only I think Roger’s language was slightly more colorful.”
Cavuto was hired to assist in launching the network in 1996 and currently serves as the host of “Your World with Neil Cavuto” (airing weekdays at 4 p.m. ET) and of the Saturday program “Cavuto on Business.” He also oversees Fox News’ weekend business programs, including “Bulls & Bears,” “Forbes on FOX” and “Cashin’ In.”