Roger Ailes Renews Contract With News Corp

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:

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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.

Comments

[adam hartung]

Recognizing that Fox first caught CNN, which had practically 100% share in cable news, we need to give Fox credit for a great accomplishment. That MSNBC has figured out how to catch Fox and CNN is a really significant accomplishment. Understanding how each did this can help us all compete more effectively to improve sales and profits - even in a tough economy like this one. Read more at http://www.ThePhoenixPrinciple.com

[mediamarv]

Statistics about the life span of the American male, especially the overweight, non exercising type, give us hope that he will succumb.
Let us now pray.

[realpolitic]

Good! We need five more years of Satan himself programming the lies on Fox News. Actually, with its far right wing commentary and take no prisoners attitude, i think Fox has very much help the progressive cause. People have come to associate the conservative movement with the Fox brand of hate and smear politics which it represents.

[NoahVail]

Jeeze, Rupert- I thought you knew what you were doing...

[Dahveed]

Yep, thar's money in them thar slurs! Limblow and Fox crap, Mr. Ailes creates his legacy. Money trumps principles once again, too often an unfortunate by-product of a free capitalist society. Yuk! Glad I do not have to listen to that BS.

[atomic]

5 more years of wrong wing propaganda.

[dadw5boys]

START EXCERISING DUDE !!!!!!!!

A LOT OF EXCERISE .

[GlennHar]

Hardly a surprise. There's nobody better than Ailes (except maybe Karl Rove) at presenting straight propaganda as if it were news.

[glesslib]

Well put! Fox News stories aren't even the same ones followed by the rest of the networks on any day when the Republicans are in hot water. On those days Fox covers some Democratic wrongdoing. But never fear, they do it in a "fair and balanced way". Sure.......

[RichardMDaley]

BOOOO

[lewes17266]

Good luck to Fox and their powerful leader as they continue covering up the news. To be fair however, CNN is worse. I wish the public could know how untrustworthy, apathetic, and deliberately deceitful our news networks are. They offer the welcome mat to people they know are frauds and worse. I do not understand how they choose their lucky ones who will not be publicly humiliated, devastated and demoralized, reported on, and exposed.
The best and most successful reporters and anchors are actors. News is all superficial and show business, in the style of televangelism.

[realpolitic]

Nothing could be worse than Fox. At Least CNN does the news (except for Lou Dobbs). Fox does right-wing propaganda, smears, and misinformation.

[lewes17266]

I know how unconcerned and irresponsible CNN is from my own experience. You can read my profile if you are interested. There are so many CNN anchors and reporters who know about what happened to me at the hands of Pat Robertson. They have facts concerning Pat Robertson's outrageous crimes and wrongs and abuses yet they do not share them with the public. realpolitic, The very people whose job it is to expose the corrupt and the frauds are the ones offering them the welcome mat and offering them a microphone and a seat at their "the most trusted name in news" table.

[metalpipe]

Awesome, same guy, same mistaken idea of news. At least we know our enemy isn't being replaced.

[bioluminescence]

Give the man credit. He's done a great job in modelling a satirical news network based on the Batman comic series. O'Reilly as the Fiddler. Hannity as the Joker. Kilmeade as the Penguin. We can only imagine what their rehearsals are like: "More, O'Reilly, give me more condescension! You can do it; And you Hannity, more volume, more volume, we can't hear you!!!!; and you Kilmeade, your motivation is the Penguin, you aren't really one! Pick up those fish!"

[proggirl]

While I agree with your sentiment, as a comic book geek, I must point out that the Fiddler is a Flash villain, not a Batman villian.
Still, the best thing that can happen to these mean-spirited twerps is that the Obama administration is able to do right by most or all of America and they're proven wrong.
Either that, or people will get bored with them and stop watching. We're talking the Jerry Springers of the news world here.

[Plus15]

I'm so relieved, America just wouldn't be the same without Roger Ailes.

[totalliberal]

I guess Rupert rewards failure. (Pizza the Hut gets renewed.) Hey Princes Leia, pass me that chain.

[LMPE]

Bad for what Ailes ya.