Roger Ailes is the man that is credited for building Fox News out of nothing and turning it into the most dominate cable news channel. After over two decades of transforming cable news, Roger is out!
That’s right, the Chairman and CEO of Fox News has stepped down and will no longer have any formal involvement in Fox News or it’s sister station, Fox Business.
It took Roger Ailes over 20 years to make it to the top and it took a sexual harassment claim and less than a month to force him to resign.
Rupert Murdoch, owner of 21st Century Fox, the parent company of Fox News, will step in as the Chairman and CEO until they can find someone to fill the giant shoes that Roger is leaving.
Roger’s contract was going to be up in 2018, and it has been reported that his settlement will be a minimum of $40 million.
What does his exit mean? Well, we are not sure yet.
50 anchors said they would leave if Ailes was forced out, but they didn’t say what they would do if Ailes resigned.
This news is fresh and Murdoch was wise to announce it on the same day that the Republican Convention and Donald Trump would dominate the news.
It was lost in the news cycle and for good reason.
Ailes’ departure will cause major ripples through the network and all of cable news.
Keep checking back to see what the fallout is over Ailes’ departure and let us know your thoughts in the comments below