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Andrew Neil has resigned as chairman on GB News, with the channel offering a statement following his sudden exit.
This will come as a massive blow to the channel, with some viewers already dubbing it a "sinking ship" following the departure.
The 72-year-old broadcaster said in a statement that he has decided to "cut back" on a number of his commitments, but he will continue to be a regular guest commentator.
He said: "I am sorry to go but I have concluded that it is time to reduce my commitments on a number of fronts.
"Over the summer I've had time to reflect on my extensive portfolio of interests and decided it was time to cut back."
Andrew Neil has quit GB News
Neil added: "I wish GB News well in continuing to fulfil its founding promise and mission to reach audiences currently undeserved by existing news broadcasters.
The board of GB News has said that it has accepted his resignation.
They said: "Andrew is without doubt one of the finest journalists and interviewers in this country. GB News thanks him for his 12 months of leadership, wisdom and advice and we wish him well."
The broadcaster's exit comes at a turbulent time for GB News, with three senior producers at GB News reportedly quitting within days of each other, according to The Times.
The publication believes that the station's "increasingly populist agenda is polarising the newsroom".
Jamie McConkey, Sarah Weaver and Joceline Sharman are believed to have quit, with former BBC News anchor Simon McCoy increasingly unhappy with the direction that the channel is heading in.
Neil has been absent from the channel after announcing a break two weeks into its launch
(Image: GB NEWS/UNPIXS (EUROPE))
Insiders have also told the publication that even more "sensationalist voices", such as Ann Widdecombe, are set to join the channel.
It has also been reported that GB News has failed to sign Piers Morgan, despite offering him a seven-figure deal.
Sources previously hinted to the Daily Mail that Neil was likely to quit after a rift with GB News CEO Angelos Frangopoulos.
The right-wing news channel launched in June and has been plagued by technical issues since its start, with some brands removing advertising from the channel and Neil himself acknowledging that the channel had had a "rocky start".
After just a month, GB News ratings "plummeted to zero viewers" amid a row over a presenter taking the knee.
Guto Harri quit GB News after he was suspended for taking the knee
(Image: GB News)
The Guardian has reported official television audience figures produced by rating agency Barb which found that on Wednesday, the channel attracted “ no measurable audience” between 1pm and 1.30pm and again at 5pm.
The fall in ratings comes after presenter Guto Harri took the knee on Tuesday’s show in a stance of solidarity against racism.
This action followed much online racist abuse of England football players after the UEFA Euros 2020 final and occurred amid a discussion about Home Secretary Priti Patel being criticised for previously referring to the taking the knee as "gesture politics" and not condemning those who booed the England team for doing so.
The taking of the knee from Harri prompted a backlash from some of the channel’s viewers who accused the channel of turning “woke”, betraying its conservative values, and supporting the Black Lives Matter movement.
Amid the backlash, GB News presenter Neil Oliver tweeted: "My GB News teammate Guto Harri is right to say and do as he sees fit. I do the same. That’s the ethos of the channel. Free speech.
"We don’t all agree with each other – that’s the point, or else where’s the debate?"
Despite his co-star's support, Harri was suspended over taking the knee and later quit the channel.