It's Official: Roger Ailes Resigns From Fox News Amid Sexual Harassment Allegations

Rupert Murdoch steps in as chairman and acting CEO

After a flurry of bizarre reports earlier this week, confirmed then quickly denied, about Roger Ailes' exit from Fox News, it's now official: The chairman and CEO is departing the top-ranked cable news network he co-founded in 1996.

Ailes has resigned, effective immediately, 21st Century Fox announced. Rupert Murdoch, executive chairman of 21st Century Fox, will take over as chairman and acting CEO of Fox News and Fox Business Network.

"Roger Ailes has made a remarkable contribution to our company and our country.

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