Former Fox News co-president Bill Shine received a significant severance package when he departed the network on May 1, 2017.
And apparently he’s still getting paid by parent company 21st Century Fox.
The Hollywood Reporter’s Jeremy Barr reports the TV news exec-turned White House deputy chief of staff for communications received $8.4 million when he left FNC, according to a financial disclosure form that was released on Friday.
Shine, who officially began working in the White House on July 5, is also getting a bonus and options of about $3.5 million from 21st Century Fox both this year and next year, according to Barr.
That means that Shine is getting paid by both the White House and Fox News (21CF), a network closely linked to the Trump administration. The severance agreement expires on May 1 of 2019.
Shine signed his financial disclosure form on Oct. 9, after receiving a 68-day extension.
Barr notes that according to a background briefing given at the White House in the spring of 2017, new hires have 30 days to complete the financial disclosure form, though they are entitled to two 45-day extensions.
Shine received a $1,460,000 salary from the company, according to the form, and he has no “liabilities.”
So, why hadn’t Shine’s form been filed by the required date, you ask? THR apparently didn’t get a response from The White House when it asked that question last month.
In the March 2017 briefing, a “senior administration official” had told reporters that “very few” White House employees had requested extensions.
Shine left Fox News in the spring 2017 at the tail end of several other high-profile Fox News exits. His departure came less than a year after he had signed a long term deal (Sept. 2016). He signed the deal after being named co-president of the network (Aug. 2016), shortly after Roger Ailes‘ July 2016 exit.
Shine began his career at FNC as producer of Hannity & Colmes when the network launched in October 1996. He rose through the ranks, under Ailes’ guidance, first as network executive producer, then vp of production, and ultimately evp of programming.