Fox News has announced changes in the network’s senior leadership, naming Fox Television Stations chief executive Jack Abernethy and Fox News senior executive vice president Bill Shine to serve as co-presidents. The positions are effective immediately.
Abernethy and Shine will report to Rupert Murdoch, and will divide responsibilities: Abernethy taking control of all business components of Fox News Channel and Fox Business Network, including finance, advertising sales and distribution. He will continue in his role running the Fox Television Stations.
Shine will be in charge of programming and news functions for both networks, including production, technical operations and talent management. He will also oversee all strategic planning for elections coverage through election night.
In a statement, Murdoch said “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.”
Murdoch’s statement continued, “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.”
In other changes at the network following the departure of Roger Ailes, Murdoch named Suzanne Scott executive vice president of programming and development for Fox News Channel, reporting to Shine. She will oversee opinion programming in day and prime, and lead development of new shows.
Executive vice president of news editorial Jay Wallace will continue in his role managing the news division, and will also report to Shine.
The network also announced chief financial officer Mark Kranz is retiring. Kranz joined the network in 1997.
“While this has been a time of great transition, there has never been a greater opportunity for Fox News and Fox Business to better serve and expand their audiences,” said Murdoch. “Together with our worldwide team of dedicated professionals, we are the most influential and powerful brand in television.”