October 22, 2016 10:57 PM ET


Company Overview of FOX News Network, LLC

Company Overview

FOX News Network, LLC operates a cable news network in the United States. The company operates FOX News Channel, a 24-hour television news channel that broadcasts breaking news, as well as political and business news; and FOX Business Network, a financial news channel that delivers real-time information across various platforms that impact Main Street and Wall Street. It also operates FOX News Radio, a 24/7 news service that features an hourly five-minute newscast along with one-minute newscasts, business updates, and breaking-news coverage. In addition, the company operates Foxnews.com, a Website that provides readers with breaking news, as well as political and entertainment news; and offe...

1211 Avenue of the Americas

New York, NY 10036

United States

Founded in 1996





Key Executives for FOX News Network, LLC

Executive Chairman and Acting Chief Executive Officer
Age: 85
Managing Editor and Director of Fox Business Channel Website
Executive Vice President
Compensation as of Fiscal Year 2016.

FOX News Network, LLC Key Developments

Fox News Settles with Gretchen Carlson over Sexual Harassment Claims

Fox News has reached a settlement with former news anchor Gretchen Carlson for a reported $20 million over claims she was fired from the network after she refused sexual advances from chairman Roger Ailes. The company apologized to the former Fox & Friends anchor "for the fact that Gretchen was not treated with the respect and dignity that she and all of colleagues deserve". Carlson filed a lawsuit in July that accused Ailes of propositioning her for sex and threatening to ruin her career if she refused. The lawsuit unleashed a wave of accusations from other women who encountered Ailes during his long career in television. Carlson said their willingness to speak brought her some comfort.

Andrea Tantaros Files Lawsuit against Fox News

Cable news host Andrea Tantaros has filed a lawsuit against Fox News, its ousted leader Roger Ailes and its top executives, claiming she was removed from her on-air role in retaliation for making a sexual harassment complaint. Tantaros, a former co-host of the Fox News daytime program "Outnumbered," has been off the air since April 25. The network has said her removal was due to her not allowing management to vet her book "Tied Up in Knots" before promoting it on the air. Most Fox News hosts and anchors are contractually obligated to have their published works approved by the company. But Tantaros, who remains on the payroll at Fox News, alleges she is being benched for complaining about being sexually harassed by Ailes. Her complaints were ignored, her suit said, and other top executives, including new Fox News co-President Bill Shine, were involved in covering them up. Ailes resigned on July 21, two weeks after former anchor Gretchen Carlson sued him for allegedly sabotaging her career in retaliation for rebuffing his sexual advances and complaining about a hostile work environment. An internal investigation turned up many other allegations of harassment involving Ailes, but none of his top deputies were implicated. Shine, a 20-year veteran of Fox News, was promoted to co-president after Ailes' departure. But Tantaros' suit alleges Shine and others were well aware of Ailes' actions. The suit names Fox News, Ailes, Shine, the company's attorney Dianne Brandi, communications chief Irena Briganti and longtime programming executive Suzanne Scott, who was also promoted.

Fox News Announces Management Changes

FOX News announced a new senior leadership team and management structure naming Fox Television Stations CEO Jack Abernethy and Senior Executive Vice President Bill Shine to serve as Co-Presidents effective immediately. In their new roles as Co-Presidents of FOX News Channel (FNC) and FOX Business Network (FBN), Mr. Abernethy and Mr. Shine will divide responsibilities for all facets of the networks. While continuing to run FOX Television Stations (FTS), Mr. Abernethy will oversee all business components of FNC and FBN including finance, advertising sales and distribution units. In addition, Suzanne Scott has been named Executive Vice President of Programming and Development for FNC and will continue reporting to Mr. Shine. In this position, Scott will supervise FNC’s daytime and primetime opinion shows and lead development of new programming. The company also announced that Chief Financial Officer Mark Kranz will be retiring. Throughout his tenure, Mr. Kranz was promoted from Director to Vice President of Finance, eventually assuming the role of CFO for both FNC and FBN. He joined the network from Viacom in 1997.

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