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Fox: Ailes has resigned posts at helm of Fox News, Fox Business

Jul. 21, 2016 4:14 PM ETFox Corporation (FOX) StockBy: Jason Aycock, SA News Editor15 Comments
  • Roger Ailes has resigned his post as CEO of Fox News Channel (and Fox Business Network) and Chairman of Fox Television Stations effective immediately, Twenty-First Century Fox (NASDAQ:FOX -0.3%, FOXA +0.7%) says in a statement.
  • He's reportedly staying on as a consultant likely for a couple of years.
  • Rupert Murdoch will be chairman and acting CEO of the TV networks that Ailes is leaving behind.
  • "Roger Ailes has made a remarkable contribution to our company and our country," Murdoch said in his statement. "Roger shared my vision of a great and independent television organization and executed it brilliantly over 20 great years."
  • No comment in the statement about the sexual harassment lawsuit filed by former anchor Gretchen Carlson against Ailes, or the accusations leveled by other women at the network.
  • Also no word about payments; a (likely draft) document floated this week suggested Ailes was in line for a golden parachute of $40M.
  • Previously: Report: Fox News talent meets to talk walkout if Ailes leaves (Jul. 19 2016)
  • Previously: Confirmed: Ailes out as Fox News chief with $40M buyout (updated) (Jul. 19 2016)

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