Jan. 17 (Bloomberg) -- Fox News, the most-watched cable news channel, said it re-signed former presidential adviser Karl Rove to serve as a contributor through the 2016 presidential election.
Rove, who was deputy chief of staff and senior adviser to President George W. Bush, will provide analysis on Fox News and Fox Business, Roger Ailes, chairman and chief executive officer of News Corp.’s Fox News Channel, said today in a statement.
“Karl’s detailed knowledge of state and national politics, as well as fundraising and strategy, makes him an important player in our ongoing political coverage and we look forward to him continuing his analysis across all platforms for Fox News and Fox Business,” Ailes said.
Rove, 62, was a commentator for Fox News on election night in November when the network’s staffers correctly called Ohio for President Barack Obama. Rove questioned their call on the air, saying he didn’t believe it. He argued with the newscasters while seeking information from the Romney campaign and Ohio’s secretary of state.
Two political outfits founded with Rove’s help, American Crossroads and Crossroads Grassroots Policy Strategies, backed unsuccessful Republican presidential contender Mitt Romney with $127 million on more than 82,000 television spots, according to Kantar Media’s CMAG, an ad tracker based in New York.
The Center for Responsive Politics estimates the two Crossroads groups spent about $176 million, making them the top non-candidate and non-party spender of the election.
News Corp. gained 1.8 percent to $27.47 at the close in New York. The Class A shares rose 43 percent in 2012.
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