Fox News announced Friday that Bill Shine and Jack Abernethy will serve as the network's new co-presidents. The two company veterans will report to Rupert Murdoch, executive chairman of 21st Century Fox and executive chairman of Fox News Channel, who took over leadership of the network after former Chairman and CEO Roger Ailes resigned July 21 following allegations of sexual assault.
Abernethy, who is Fox Television Stations' CEO, will head up advertising, finance, sales, and distribution, while Shine, who was the station's senior executive vice president, will oversee programming, news, and editorial content. "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," Murdoch said in a statement. Of Abernethy, Murdoch said he will "ensure continued growth of Fox News and Fox Business Network for generations to come."
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