Op-ed views and opinions expressed are solely those of the author and do not necessarily represent the views of BizPac Review.
After weeks of negotiations regarding the terms of his exit, Roger Ailes’ nearly 20-year career at the helm of Fox News Channel has finally come to an end.
It would seem that, despite significant internal support and an astonishingly successful career that saw him literally build the network from scratch into the nation’s most popular cable news channel, Ailes, 76, couldn’t withstand allegations of sexual harassment and the illegal firing of former anchor Gretchen Carlson after she spurned his advances.
When 20 women, including Megyn Kelly, also told investigators Ailes had once harassed them, it was likely the straw the broke the camel’s back.
According to a statement by 21st Century Fox, Ailes is resigning his position as Fox News Chairman and CEO. For now, until a successor is hired, Rupert Murdoch will run Fox News and Fox Business Network.
Here is the full statement:
21st Century Fox today announced that Roger Ailes, Chairman and CEO of Fox News Channel and Fox Business Network, and Chairman of Fox Television Stations, has resigned from his role effective immediately.
Rupert Murdoch will assume the role of Chairman and acting CEO of Fox News Channel and Fox Business Network.
Rupert Murdoch, Executive Chairman, 21st Century Fox, said:
“Roger Ailes has made a remarkable contribution to our company and our country. Roger shared my vision of a great and independent television organization and executed it brilliantly over 20 great years.
Fox News has given voice to those who were ignored by the traditional networks and has been one of the great commercial success stories of modern media.
It is always difficult to create a channel or a publication from the ground up and against seemingly entrenched monopolies. To lead a flourishing news channel, and to build Fox Business, Roger has defied the odds.
His grasp of policy and his ability to make profoundly important issues accessible to a broader audience stand in stark contrast to the self-serving elitism that characterizes far too much of the media.
I am personally committed to ensuring that Fox News remains a distinctive, powerful voice. Our nation needs a robust Fox News to resonate from every corner of the country.
To ensure continuity of all that is best about Fox News and what it stands for, I will take over as Chairman and acting CEO, with the support of our existing management team under Bill Shine, Jay Wallace and Mark Kranz.”
Lachlan Murdoch and James Murdoch, 21st Century Fox’s Executive Chairman, and CEO, respectively, said:
“We join our father in recognizing Roger’s remarkable contributions to our company. Our talented Fox News and Fox Business colleagues, up and down the organization and on both sides of the camera, have built something that continues to redefine the cable news experience for millions of viewers. We are enormously proud of their accomplishments. For them, as well as for our colleagues across our entire organization, we continue our commitment to maintaining a work environment based on trust and respect. We take seriously our responsibility to uphold these traditional, long-standing values of our company.”
Before you start feeling sorry for Ailes, he’s expected to receive a golden parachute of at least $40 million. His formal role with Fox will end, but an anonymous source told the AP that Ailes will remain as an informal adviser to Murdoch.
Yesterday, Matt Drudge posted Ailes’ letter to Murdoch:
With your support, I am proud that we have built Fox News and Fox Business Channels into powerful and lucrative news organizations that inform our audience and reward our shareholders. I take particular pride in the role that I have played advancing the careers of the many women I have promoted to executive and on-air positions. Many of these talented journalists have deservedly become household names known for their intelligence and strength, whether reporting the news, fair and balanced, and offering exciting opinions on our opinion programs. . Fox News has become Number 1 in all of cable because I consistently identified and promoted the most talented men and women in television, and they performed at the highest levels.
Having spent 20 years building this historic business, I will not allow my presence to become a distraction from the work that must be done every day to ensure that Fox News and Fox Business continue to lead our industry. I am confident that everyone at Fox News and Fox Business will continue as the standard setters that they are, and that the businesses are well positioned for even greater success in the future.
I am proud of our accomplishments and look forward to continuing to work with you as an adviser in building 21st Century Fox
All the best,
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