Fox’s Roger Ailes Signs Multi-year Contract
Roger Ailes has further strengthened his commitment to Fox (following Rupert Murdoch’s earlier announcement) by signing a new multi-year contract as chairman and CEO of Fox News and Fox Business Network, Variety reports. Moreover, The Hollywood Reporter has learned that the new contract will be for 3 years. Furthermore, Ailes will also continue as chairman of Fox Television Stations.
This implies that Roger Ailes will be reporting to both Rupert Murdoch sons with James as chief executive and Lachlan as co-executive chairman. The said transition will come into effect on July 1 when Rupert Murdoch steps down as 21st Century Fox CEO, CNN Money Reports.
According to LA Times, Roger Ailes’ previous contract was set to expire in 2016. Moreover, it did not help matters that there was reported tension between 75-year-old Ailes and the younger Murdochs. In fact, LA Times further reports that when organizational changes in 21st Century Fox were first announced, Fox Business Network had initially stated that Ailes will continue to report to Rupert Murdoch. This was later revised in a formal announcement.
Roger Ailes is an integral member of the 21st Century Fox family. As Hofstra University associate journalism professor Joe Peyronnin tells LA Times, “He created a hugely successful and profitable network, and the Murdochs needed to keep him happy.” Meanwhile, Ailes issued a statement to USA Today saying, “I look forward to working with Rupert, Lachlan and James to do my part to help bring 21st Century Fox well into the future.”
In response to Aile’s new contract, James and Lachlan Murdoch issued a joint statement saying, “Roger is an incredibly talented executive and we’re pleased he has accepted our offer to continue his extraordinary record of success at 21st Century Fox. We look forward to witnessing his energy and entrepreneurial drive in leading the next wave of growth for Fox News, Fox Business Network and Fox Television Stations, as well as many years of continued success together.”
Meanwhile, Hollywood Reporter has just learned that Rupert Murdoch’s chief of staff, Natalie Ravitz, is expected to step down in order to pursue a “leadership role at the media conglomerate or with another firm.”