New chiefs for Fox News

Jack Abernethy

Jack Abernethy

Fox News has named Fox Television Stations CEO Jack Abernethy and senior EVP Bill Shine to serve as co-presidents of the network in the wake of Roger Ailes’ departure.

Both executives will report direct to 21st Century Fox executive chairman Rupert Murdoch, who took personal charge of the news channel following Ailes resignation amidst a slew of sexual harassment allegations.

As co-presidents, Abernethy and Shine will divide responsibilities, with Abernethy overseeing business affairs of both Fox News and Fox Business Network, including finance, ad sales and distribution. Shine will run programming and news functions on both networks, including production, technical operations and talent management.

Suzanne Scott, previously SVP of programming and development, has been named EVP, reporting to Shine. Jay Wallace, EVP of news editorial, will continue to manage the news division, also reporting to Shine.

Fox News chief finance officer Mark Kranz is meanwhile retiring.

“Jack was integral to the launch and success of Fox News nearly 20 years ago and we’re delighted he’s returning to take on this additional role. As we continue to benefit from his strong leadership of Fox Television Stations, his strategic vision and deep knowledge of the cable news business will ensure continued growth of Fox News and Fox Business Network for generations to come,” said Murdoch.

“Bill Shine has developed and produced a signature primetime that has dominated the cable news landscape for 14 of his 20 years with Fox News. His leadership and keen eye for programming has played a fundamental role in the success of both Fox News and Fox Business Network.”