Fox Signs Multiyear Deals With New Leaders of Fox News Channelby
Shine oversees programming, while Abernethy heads operations
Murdoch family vows no changes to most-watched cable channel
21st Century Fox Inc. said Jack Abernethy and Bill Shine, the new co-presidents of Fox News, signed multiyear contracts that cement the leadership of the profitable cable network following the resignation of former chief Roger Ailes.
Abernethy will oversee the business operations of the Fox News Channel and Fox Business Network, while Shine leads programming, news and talent management. Terms of the contracts weren’t disclosed. Fox announced the agreements in a statement Wednesday.
The extensions follow weeks of tumult at the cable channel, which is having its best year ever on the back of the presidential election. 21st Century Fox Executive Chairman Rupert Murdoch took charge of the Fox News last month after Ailes stepped down amid charges of sexual harassment. At an investor conference Wednesday, company co-Chairman Lachlan Murdoch described his father’s role at the network as interim.
Members of the Murdoch family, which controls Fox, have said the network won’t change direction following the ouster of Ailes. The company has already reached settlements with several employees who allege they were harassed by the former news chief.