NEW YORK–(BUSINESS WIRE)–Roger Ailes, Chairman and Chief Executive Officer, FOX News and Chairman of FOX Television Stations, has signed a new five year contract with News Corporation, it was announced today by Rupert Murdoch, Chairman and Chief Executive Officer. Mr. Ailes has been with News Corporation since 1996, the year he launched FOX News Channel (FNC).
In making the announcement, Mr. Murdoch said, “Roger has done a remarkable job building FOX News into a force in journalism and built a great asset for News Corporation. I have complete confidence in his talent and his editorial judgment. Under his leadership, I believe that FOX Business Network will become the strongest competitor in financial television news.”
… During Mr. Ailes’ tenure with News Corporation, FNC passed CNN in ratings in all day parts in 2002 to become the number one news network in the country, nearing full distribution with more than 90 million subscribers. In 2007, he launched FBN which currently reaches more than 40 million homes and served as the biggest launch in cable history. Throughout Mr. Ailes’ tenure, FOX Television Stations has increased its market share each of the last three years with all time record shares in the last two years. In addition, FTS has expanded its local news presence by nearly 100 hours a week in a challenging economic climate.