- Fox (FOX, FOXA) has added some security to the new regime at Fox News, locking up Jack Abernethy and Bill Shine in multi-year contracts.
- The network is having its best year ever heading into the presidential election, but a sexual harassment scandal led to the ouster of longtime chief Roger Ailes and threatened to derail momentum.
- Abernethy and Shine were made co-presidents at Fox News and Fox Business, with Abernethy overseeing business components while Shine helmed programming and news functions.
- Fox Co-Chairman Lachlan Murdoch -- taking a more active role at the company since last summer when he and CEO/brother James Murdoch were elevated to leadership roles -- says his father Rupert Murdoch took over from Ailes, but in an interim role.
- The Murdochs say the network won't be changing direction despite Ailes' ouster.