Fox signed its two co-presidents Jack Abernethy and Bill Shine to “multi-year” contracts, according to a statement released Wednesday.
It is unclear how many years each man has been signed for, or if both men are signed for the same number of years.
“We’re thrilled to have the opportunity to continue leading FOX News and FOX Business into the future and look forward to working alongside the incredible roster of talent, both on and off air, to make each network even more successful,” Abernethy and Shine said together in a joint statement.
Abernethy and Shine took over for Roger Ailes after the network’s founder and CEO resigned following a spate of sexual harassment allegations and the network’s internal investigation into those allegations.
Both men will continue to oversee both Fox News and Fox Business, while dividing their respective duties between the business side (Abernethy) and programming (Shine).
“Jack and Bill have been instrumental in FOX News’ continued dominance in the ratings and historic earnings performance. I am delighted they’ve each signed new deals, ensuring stability and leadership to help guide the network for years to come,” said Rupert Murdoch, Executive Chairman of both networks and their parent corporation 21st Century Fox.
Sam Reisman (@thericeman) is a staff editor at Mediaite.
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