Fox News names Abernethy, Shine as co-presidents, CFO Kranz retires

August 12, 2016 7:45 PM

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Fox News Channel overhauled its management Friday by naming two internal executives as co-presidents of the news network, a move aimed at stabilizing operations following the recent departure of its founder and former CEO, Roger Ailes, after a sexual harassment lawsuit.

Jack Abernethy, CEO of Fox Television Stations, and Bill Shine, senior executive vice president of Fox News, were named to the positions, effective immediately. They will report directly to Rupert Murdoch, co-executive chairman of the board of 21st Century Fox, the parent company of Fox News and Fox...

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