Fox News co-presidents Jack Abernethy and Bill Shine have signed new multi-year contracts. Both men had been upped to co-presidents a month ago, in the wake of Roger Ailes exit after former show host Gretchen Carlson filed a sexual harassment lawsuit against her former boss.
Now, as then, Abernethy and Shine will report directly to Rupert Murdoch, who had taken over Fox News after then-CEO Ailes was pushed out as FNC neared its 20th anniversary.
The news comes just over a week after Fox News parent 21st Century Fox settled Carlson’s suit against Ailes, who continues to deny the allegations; in addition to the cash settlement reported to be in the $20M range, the company also publicly apologized for the treatment she said she experienced from Ailes and others.
Murdoch, now Fox News executive chairman, took charge of Fox News on July 21 when he and co-executive chairman Lachlan Murdoch and CEO James Murdoch — cut Ailes loose after an internal investigation brought allegations about Ailes made by FNC star Megyn Kelly and others.
Promoted to co-presidents in August, Abernethy and Shine oversee both Fox News Channel and Fox Business Network, dividing responsibilities for all facets of the networks. While continuing to run Fox Television Stations, Abernethy manages all business components of FNC and FBN including finance, advertising sales and distribution units. Shine runs all programming and news functions of each network, including production, technical operations and talent management.