Fox News Inks Shine, Abernethy To Long-Term Deals

Fox News announced on Wednesday that the news network’s co-presidents, Bill Shine and Jack Abernethy, had signed multiyear contracts.

According to The NYTimes, Fox did not disclose the length of the contracts but, in a statement, the Fox News executive chairman Rupert Murdoch said the deals would ensure “stability and leadership to help guide the network for years to come.”

Jack Abernethy

Bill Shine

He also credited Mr. Shine and Mr. Abernethy for being “instrumental in Fox News’ continued dominance in the ratings and historic earnings performance.”

After Mr. Ailes was pushed out in July amid a sexual harassment scandal, there was some speculation that other Fox News executives could soon be ushered out, in an effort by the cable station’s parent company, 21st Century Fox, to clean house.

The decision to promote Mr. Shine and Mr. Abernethy in mid-August quelled that talk, and the contract extension for both should quiet further speculation that they had been elevated on a temporary basis to help the network get through the presidential election.