Bill Shine and Jack Abernethy Named Fox News Co-Presidents

Rupert Murdoch on Friday appointed two co-presidents to run Fox News and Fox Business Network under his watch. Fox Stations CEO Jack Abernethy and Fox News senior executive VP of programming Bill Shine will serve as the new co-presidents of both cable-news channels, succeeding founder and CEO Roger Ailes, who resigned last month after a string of sexual-harassment accusations went public. Shine was long considered one of Ailes’s successors, and his name has frequently come up in reports about the network’s handling of workplace-harassment allegations. The 21st Century Fox executive chairman also announced the resignation of Fox News CFO Mark Kranz, of whom Murdoch said “we are grateful for his many contributions.” Following Ailes’s departure, Murdoch took over the newsroom as an interim solution.