Roger Ailes inks a 4-year contract with Fox
Roger Ailes, President of Fox News Channel, attends the Hollywood Reporter celebration of “The 35 Most Powerful People in Media” at the Four Season Grill Room on April 11, 2012 in New York City.
Roger Ailes has signed another four-year contract with News Corp. to continue running all four Fox stations, the media conglomerate announced Friday.
The four-year contract puts Ailes at the helm of Fox Business Network, Fox television stations and 20th Century TV, the Huffington Post reported.
Ailes is, as Forbes pointed out, "arguably the most powerful executive at News Corp. after Rupert Murdoch": The conservative news channel is responsible for pulling in $1 billion a year in profits, or 40 percent of News Corp.'s total haul.
More from GlobalPost: Roger Ailes regrets calling New York Times' reporters 'a bunch of lying scum'
The Daily Beast's Howard Kurtz first tweeted the news:
The details of the deal have not been released, but Ailes is rumored to be asking for a raise on his $21 million salary, according to the Post.
Ailes has run Fox News since 1996 when it was founded, and has run a spin-off channel, the Fox Business Network, since 2007, the New York Times reported.
The story you just read is accessible and free to all because thousands of listeners and readers contribute to our nonprofit newsroom. We go deep to bring you the human-centered international reporting that you know you can trust. To do this work and to do it well, we rely on the support of our listeners. If you appreciated our coverage this year, if there was a story that made you pause or a song that moved you, would you consider making a gift to sustain our work through 2024 and beyond?