Ailes signs multi-year contract to stay on as Fox News CEO

June 25, 2015 2:18 PM

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Roger Ailes, who led Fox News since its launch in 1996, has signed a new contract to stay on as chairman and CEO of the conservative cable news channel, a move that signals the Murdoch family's faith in his leadership of 21st Century Fox's key asset.

"I am grateful to Rupert Murdoch for taking the risk on Fox News to see it become the number one 24-hour news network in America," said Ailes, referring to the founder and executive chairman of Fox News' parent company, 21st Century Fox.

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