Fox News Co-President Resigns
Bill Shine resigns amid network turmoil.
The turmoil at Fox News seems to only be worsening. The network announced on Monday that co-president Bill Shine has resigned from his post. Shine was named co-president after the ousting of Fox News chief Roger Ailes last summer.
Shine’s exit adds credibility to speculation that the network has bigger housecleaning is coming. Especially as owner Rupert Murdoch cedes more power to his two sons. The pair are widely believed to have been behind Bill O’Reilly parting with the network among sexual harassment allegations.
In a memo obtained by POLITICO, Rupert Murdoch addressed the situation.
“Sadly, Bill Shine resigned today. I know Bill was respected and liked by everybody at Fox news. We will all miss him. Suzanne Scott becomes President, Programming and Jay Wallace President News. Fox News continues to break both viewing and revenue records, for which I thank you all. I am sure we can do even better.”
Jack Abernethy will keep his position as co-president of Fox News and CEO of Fox Television Stations.
Murdoch later issued a separate statement in which he called Monday a “significant day for all at Fox News.”
“Bill has played a huge role in building Fox News to its present position as the nation’s biggest and most important cable channel in the history of the industry. His contribution to our channel and our country will resonate for many years.”
The news of Shine’s ousting was first reported by New York Magazine.