Tuesday, January 18, 2022

Fox News names Jack Abernethy, Bill Shine as co-presidents

Rupert Murdoch announced the new management structure. Murdoch has been running the news network since the resignation of Roger Ailes.

Ap |
August 13, 2016 12:50:20 am
Jack Abernethy, Bill Shine, Roger Ailes, fox news, fox news new management, Rupert Murdoch, Murdoch, latest news, latest world news, latest news File Photo: Feb. 22, 2006 Jack Abernethy, CEO of the Fox Television Station Group, addresses reporters during a news conference in New York. Abernethy and Bill Shine will become the new co-presidents of Fox News Channel. (AP Photo/Mary Altaffer)

Veteran Fox executives Jack Abernethy and Bill Shine will become the new co-presidents of Fox News Channel.

Rupert Murdoch, chairman of company parent 21st Century Fox, announced the new management structure on Friday. Murdoch has been running the news network since the resignation of Roger Ailes last month following allegations of sexual harassment.

Roger Ailes, who built Fox News Channel into a money-making ratings powerhouse, had resigned as chairman and chief executive late Jufollowing allegations of sexual harassment, an exit that marks a swift end to his long leadership of the influential cable news channel that he launched two decades ago.

Ailes, who will serve as an informal adviser to Rupert Murdoch and no longer have an official role at the company, will receive a severance package of about $40 million, according to a source familiar with the situation, who asked to remain anonymous.

Abernethy has been the CEO of the Fox Television Stations, running the 28 Fox-owned stations across the country. He’ll keep that job, and oversee all business operations of Fox News Channel and its sister Fox Business Network.

Shine, one of Ailes’ top deputies, will run programming for both networks.

Both men will report to Murdoch.

 

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