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Roger Ailes signs multi-year contract to stay as Fox News chief
MUMBAI: Roger Ailes, the man who built Fox News into a news behemoth, has signed a new multi-year contract with 21st Century Fox to continue to serve as chairman and CEO of Fox News and Fox Business Network, and chairman of Fox Television Stations.
Ailes will jointly report to Lachlan Murdoch and James Murdoch, who is slated to replace father Rupert Murdoch as the CEO of the company effective 1 July. Lachlan will become executive co-chairmen along with senior Murdoch.
Rupert Murdoch commented, “Nearly two decades ago, Roger took a bold idea rooted in the belief that there was room for more choice in cable news, and – much to all the naysayers’ surprise – through his development of vibrant programming and talent, created a behemoth of a business with one of the most passionate and engaged audiences in the history of television news. Roger and I have always had, and will continue to have, a special relationship. Lachlan, James and I are delighted that Roger will be leading key businesses for us and our shareholders for years to come, and he has our unwavering support.”
Lachlan and James Murdoch, 21st Century Fox’s designated executive co-chairman and CEO, respectively, commented, “Roger is an incredibly talented executive and we’re pleased he has accepted our offer to continue his extraordinary record of success at 21st Century Fox. We look forward to witnessing his energy and entrepreneurial drive in leading the next wave of growth for Fox News, Fox Business Network and Fox Television Stations, as well as many years of continued success together.”
Roger Ailes said, “I am grateful to Rupert Murdoch for taking the risk on Fox News to see it become the number one 24-hour news network in America. I look forward to working with Rupert, Lachlan and James to do my part to help bring 21st Century Fox well into the future.”