iOS app Android app More

Roger Ailes Renews Contract With News Corp

Huffington Post   |  Danny Shea
First Posted: 11-20-08 12:17 PM   |   Updated: 12-21-08 05:12 AM

I Like ItI Don’t Like It
Roger Ailes


FOX News chief Roger Ailes has signed on to remain at News Corp, the Huffington Post has learned.

News Corp is expected to announce later today that Ailes has signed a new deal that will keep him with the cable news network.

More details forthcoming.

Update: Rupert Murdoch announced Thursday afternoon that Roger Ailes has signed a five year contract extension with News Corp. Ailes serves as Chairman and Chief Executive Officer of FOX News and Chairman of FOX Television Stations.

"Roger has done a remarkable job building FOX News into a force in journalism and built a great asset for News Corporation," Murdoch said. "I have complete confidence in his talent and his editorial judgment. Under his leadership, I believe that FOX Business Network will become the strongest competitor in financial television news."

"I'm pleased to continue to work for News Corporation," Ailes added. "It is a strong and extremely well positioned company. I look forward to carrying out Mr. Murdoch's legendary vision in the future."

Ailes will continue to oversee FOX News, FOX Television Stations, FOX Business Network, My Network TV, and Twentieth Television, and will also continue serve as a senior advisor to Murdoch on television and news matters.

Press release below:

NEW YORK - (Business Wire) Roger Ailes, Chairman and Chief Executive Officer, FOX News and Chairman of FOX Television Stations, has signed a new five year contract with News Corporation, it was announced today by Rupert Murdoch, Chairman and Chief Executive Officer. Mr. Ailes has been with News Corporation since 1996, the year he launched FOX News Channel (FNC).

In making the announcement, Mr. Murdoch said, "Roger has done a remarkable job building FOX News into a force in journalism and built a great asset for News Corporation. I have complete confidence in his talent and his editorial judgment. Under his leadership, I believe that FOX Business Network will become the strongest competitor in financial television news."

The new agreement states that Mr. Ailes will continue to oversee FOX News, FOX Television Stations (FTS), FOX Business Network (FBN), My Network TV and Twentieth Television. He will also continue serving as a senior advisor to Mr. Murdoch on television and news matters.

Mr. Ailes added, "I'm pleased to continue to work for News Corporation. It is a strong and extremely well positioned company. I look forward to carrying out Mr. Murdoch's legendary vision in the future."

During Mr. Ailes' tenure with News Corporation, FNC passed CNN in ratings in all day parts in 2002 to become the number one news network in the country, nearing full distribution with more than 90 million subscribers. In 2007, he launched FBN which currently reaches more than 40 million homes and served as the biggest launch in cable history. Throughout Mr. Ailes' tenure, FOX Television Stations has increased its market share each of the last three years with all time record shares in the last two years. In addition, FTS has expanded its local news presence by nearly 100 hours a week in a challenging economic climate.

News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) had total assets as of September 30, 2008 of approximately US$61 billion and total annual revenues of approximately US$33 billion. News Corporation is a diversified global media company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.

Report Corrections