Fox News unveils new leadership team

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Fox News Announces New Leadership

Rupert Murdoch is assembling the new Fox News leadership team after the ouster of chief Roger Ailes.

Fox Television Stations CEO Jack Abernethy and Fox News senior executive vice president Bill Shine were named as co-presidents.

Abernethy will oversee all business components of Fox News Channel and Fox Business Network including finance, advertising sales and distribution units, while Shine will run all programming and news functions of each network, including production, technical operations and talent management. Shine will continue to oversee all strategic planning throughout the current election season, including election night. Suzanne Scott, Shine's second-in-command, has been upped to executive vp of programming and development for Fox News Channel and will continue to report to Shine. Scott will supervise the Fox News daytime and primetime opinion shows and lead development of new programming.

"Jack was integral to the launch and success of FOX News nearly 20 years ago and we're delighted he's returning to take on this additional role," said Murdoch in a statement. "As we continue to benefit from his strong leadership of Fox Television Stations, his strategic vision and deep knowledge of the cable news business will ensure continued growth of FOX News and FOX Business Network for generations to come."

See photos of Roger Ailes through the years:

Roger Ailes through the years
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Roger Ailes through the years
NEW YORK - NOVEMBER 13: In this handout photo provided by FOX News, FOX News Channel Chairman and CEO Roger Ailes is photographed November 13, 2015 at the networks Manhattan headquarters New York City. (Photo by Wesley Mann/FOX News via Getty Images)
Bill O'Reilly, tv columnist, at left, shown here with Roger Ailes, Chairman and CEO of FOX tv at the Radio & TV Correspondents annual dinner held at the Washington Hilton. (Photo by Susan Biddle/The Washington Post/Getty Images)
SLUG: ST/AILES DATE: 3/23/99 NP PHOTOG: Helayne Seidman/FTWP multi use LOCATION: Fox News, 1211 6th Ave. NYC SUMMARY: Roger Ailes, president of Fox TV CAPTION: Roger Ailes, president of Fox TV, in the Fox TV control room. Original Filename: npsent.JPG ORG XMIT: ; 29
385602 07: Fox News Chairman and CEO Roger Ailes, right, testifies during a hearing on election night 2000 coverage by the networks before the House committee on energy and commerce February 14, 2001 on Capitol Hill in Washington, D. C. Heads of major news organizations have converged on Capitol Hill to testify before Congress, explaining the mistaken calls made on Election Night and promising changes to prevent further errors. (Photo by Alex Wong/Newsmakers)
WASHINGTON - OCTOBER 25: Chairman and CEO of the Fox News Network Roger Ailes participates in the 'America's Best Leaders: How do they lead? Where are they taking us?' National Issues Briefing hosted by U.S. News and World Report October 25, 2005 at the National Press Club in Washington, DC. The talk was held in collaboration with the Center for Public Leadership at Harvard University's John F. Kennedy School of Government. (Photo by Chip Somodevilla/Getty Images for U.S. News and World Report)
NEW YORK - JUNE 26: (L-R) Variety Editor Peter Bart and Producer Roger Ailes attend a cocktail party hosted by Harvey and Bob Weinstein and Miramax Books to celebrate Peter Bart's new book ''BOFFO'' on June 26, 2006 in New York City. (Photo by Peter Kramer/Getty Images)
PASADENA, CA - JULY 24: Chairman & CEO, FOX News Roger Ailes from 'Fox News' speaks onstage during the 2006 Summer Television Critics Association Press Tour for the FOX Broadcasting Company at the Ritz-Carlton Huntington Hotel on July 24, 2006 in Pasadena, California. (Photo by Frederick M. Brown/Getty Images)
WASHINGTON - JANUARY 08: Roger Ailes, president of FOX News, poses with his wife Elizabeth on the red carpet upon arrival at a salute to FOX News Channel's Brit Hume on January 8, 2009 in Washington, DC. Hume was honored for his 35 years in journalism. (Photo by Brendan Hoffman/Getty Images)
NEW YORK, NY - APRIL 11: Fox News President Roger Ailes attends the Hollywood Reporter celebrates 'The 35 Most Powerful People in Media' at the Four Season Grill Room on April 11, 2012 in New York City. (Photo by Charles Eshelman/FilmMagic)
SAN FRANCISCO, CA - JANUARY 21: Copies of the new book The Loudest Voice in the Room are displayed at a Books Inc. bookstore on January 21, 2014 in San Francisco, United States. The unauthorized biography of FOX News president Roger Ailes written by New York magazine writer Gabriel Sherman hit bookstore shelves on January 14. (Photo by Justin Sullivan/Getty Images)
NEW YORK - NOVEMBER 13: In this handout photo provided by FOX News, FOX News Channel Chairman and CEO Roger Ailes is photographed November 13, 2015 at the networks Manhattan headquarters New York City. (Photo by Wesley Mann/FOX News via Getty Images)

He added, "Bill Shine has developed and produced a signature primetime that has dominated the cable news landscape for 14 of his 20 years with FOX News. His leadership and keen eye for programming has played a fundamental role in the success of both FOX News and FOX Business Network."Jay Wallace, who was promoted to executive vp of news editorial last April, will continue to manage the news division; he reports to Shine.

Additionally, CFO Mark Kranz will retire. In his statement, Murdoch thanked Kranz for his 19 years of service to the Fox News and noted that he was "instrumental in increasing profitability across all of our key properties. We are grateful for his many contributions to the company and we extend our best wishes to him as he embarks on a new chapter."

The announcement caps weeks of speculation about who the 85-year-old Murdoch would tap to run the successful channel in the wake of a sexual harassment scandal that has rocked the cable news network. Shine, a 20-year veteran of the network, was as much of a number two as Ailes ever had at the network that he ruled with an iron grip, making every programming decision and hand-picking all on-air personnel. But Shine, a no nonsense newsman, is well-liked in the newsroom. And Murdoch has stressed continuity and stability in the wake of a flurry of sexual harassment allegations against Ailes, reportedly including from the network's top female star, Megyn Kelly. (Ailes, through his attorney, has denied the allegations.) More than 20 women have detailed unwanted encounters with Ailes to lawyers tasked by 21st Century Fox to investigate the matter.

See photos of Rupert Murdoch through the years:

Rupert Murdoch
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Rupert Murdoch
Rupert Murdoch attends the TIME 100 Gala, celebrating the 100 most influential people in the world, at the Frederick P. Rose Hall, Time Warner Center on Tuesday, April 21, 2015, in New York. (Photo by Evan Agostini/Invision/AP)
Rupert Murdoch arrives at the 2015 Vanity Fair Oscar Party on Sunday, Feb. 22, 2015, in Beverly Hills, Calif. (Photo by Evan Agostini/Invision/AP)
Rupert Murdoch, center, executive chairman of News Corporation, speaks during a panel discussion alongside moderator Catherine Livingstone right, and Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs at the B20 meeting of company CEOs in Sydney, Australia, July 17, 2014. Over 350 business leaders gathered in Sydney for the B20 Summit meeting to discuss and determine policy recommendations ahead of the G20 leaders meeting in Brisbane later this year. (AP Photo/Jason Reed, Pool)
Rupert Murdoch, chairman and CEO of 21st Century Fox, and Lachlan Murdoch seen at the Twentieth Century Fox Global Premiere of 'X-Men: Days of Future Past' held at the Jacob K. Javits Convention Center on Saturday, May 10, 2014, in New York City. (Photo by Eric Charbonneau/Invision for Twentieth Century Fox/AP Images)
EXCLUSIVE - Katey Sagal and Hall of Fame inductee Rupert Murdoch pose backstage at the 2014 Television Academy Hall of Fame on Tuesday, March 11, 2014, at the Beverly Wilshire in Beverly Hills, Calif. (Photo by John Shearer/Invision for the Television Academy/AP Images)
Businessman Rupert Murdoch watches as President Barack Obama speaks at the Wall Street Journal CEO Council annual meeting in Washington, Tuesday, Nov. 19, 2013. Obama answered questions on the economy, the problems with the new health care law roll out, immigration reform, and negotiations with Iran over their nuclear program. (AP Photo/ Evan Vucci)
Executive Chairman of News Corp., Rupert Murdoch, gives the annual Lowy Lecture at the Town Hall in Sydney, Thursday, Oct. 31, 2013. The Lowy Institute is a think tank that researches political, strategic and economic issues. (AP Photo/Rick Rycroft)
From left, Rupert Murdoch and wife Wendi Deng Murdoch arrive at the 2013 Vanity Fair Oscars Viewing and After Party on Sunday, Feb. 24 2013 at the Sunset Plaza Hotel in West Hollywood, Calif. (Photo by Jordan Strauss/Invision/AP)
News Corporation CEO Rupert Murdoch listens during a forum on The Economics and Politics of Immigration where Murdoch and New York Mayor Michael Bloomberg spoke to a business organization In Boston, Tuesday, Aug. 14, 2012. (AP Photo/Josh Reynolds)
In this image from video, News Corp. chairman Rupert Murdoch appears at Lord Justice Brian Leveson's inquiry in London, Wednesday April 25, 2012 to answer questions under oath about how much he knew about phone hacking at the News of the World tabloid. Murdoch is being grilled on his relationship with British politicians at the country's media ethics inquiry, while a government minister is battling accusations he gave News Corp. privileged access in its bid to take over a major broadcaster. (AP Photo/Pool)
A campaigner wearing a giant head mask of Rupert Murdoch holds up string puppets depicting British Prime Minister David Cameron, left, and Culture Secretary Jeremy Hunt in a demonstration calling for Jeremy Hunt to resign, outside the High Court in London where News Corp. chairman Rupert Murdoch was given evidence to the Leveson Inquiry, Wednesday, April 25, 2012. News Corp. chairman Rupert Murdoch defended his globe-spanning, half-a-century long media career Wednesday, telling an inquiry into U.K. media ethics that he never called in favors from the powerful people his papers covered. (AP Photo/Sang Tan)
Rupert Murdoch arrives to the 2015 Vanity Fair Oscar Party on February 22, 2015 in Beverly Hills, California. AFP PHOTO/ADRIAN SANCHEZ-GONZALEZ (Photo credit should read ADRIAN SANCHEZ-GONZALEZ/AFP/Getty Images)
SYDNEY, AUSTRALIA - JULY 17: Rupert Murdoch, Executive Chairman News Corporation looks on during a panel discussion at the B20 meeting of company CEO's on July 17, 2014 in Sydney, Australia. Over 350 business leaders have gathered in Sydney for the 2014 B20 Summit to discuss and determine policy recommendations ahead of the G20 Leaders Meeting in Brisbane later this year. (Photo by Jason Reed - Pool/Getty Images)
Media Mogul Rupert Murdoch is driven away from his home in central London, on June 26, 2014. News Corporation executive chairman Rupert Murdoch was in London, amid reports that police want to question him in the wake of the phone-hacking trial. The 83-year-old US-based media mogul flew into London, after the high-profile trial concluded with the conviction of Andy Coulson, one of his former British newspaper editors. AFP PHOTO / JUSTIN TALLIS (Photo credit should read JUSTIN TALLIS/AFP/Getty Images)
WASHINGTON, DC - NOVEMBER 19: Rupert Murdoch listens to U.S. President Barack Obama make remarks at the Wall Street Journal CEO Council annual meeting, at the Four Seasons Hotel, on November 19, 2013, in Washington, DC. Obama discussed immigration reform and the health care rollout, among other topics. (Photo by Drew Angerer-Pool/Getty Images)
SYDNEY, AUSTRALIA - OCTOBER 31: News Corp executive chairman, Rupert Murdoch talks on October 31, 2013 in Sydney, Australia. Murdoch delivered the 10th annual lecture at the Lowy Institute's annual black tie event in Sydney. (Photo by Cameron Spencer/Getty Images)
SYDNEY, AUSTRALIA - OCTOBER 31: News Corp executive chairman, Rupert Murdoch talks on October 31, 2013 in Sydney, Australia. Murdoch delivered the 10th annual lecture at the Lowy Institute's annual black tie event in Sydney. (Photo by Cameron Spencer/Getty Images)
Australian press baron Rupert Murdoch gives a press conference at the Great Eastern Hotel in Liverpool Street, London, to report on his proposed take-over of the News of the World, the paper with the world's largest circulation, 24th October 1968. (Photo by Jim Gray/Keystone/Hulton Archive/Getty Images)
Australian Businessman and media tycoon Rupert Murdoch (right) with U.S. President John F. Kennedy (1917 - 1963) at the White House, 1962. On the left is editor of the Sydney Daily Mirror, Zell Rabin (1932 - 1966). (Photo by Keystone/Hulton Archive/Getty Images)
1986: Australian publisher and newspaper magnate, Rupert Murdoch. (Photo by Hulton Archive/Getty Images)

And a drumbeat of stories about Ailes have also name-checked multiple people senior executives including Kranz, who was CFO when the network authorized a relatively large $3.15 million settlement agreement with a former booker, Laurie Luhn, who recently told New York magazine's Gabriel Sherman that Ailes harrassed and "psychologically tortured" her for 20 years.

Shine's and Scott's names also surfaced in media reports concerning Ailes' behavior. Ousted anchor Andrea Tantaros alleged that she complained to Shine and Scott last year of unwanted advances at the hands of Ailes. Shine and Scott have denied that Tantaros mentioned Ailes. And a source with knowledge of the situation says Tantaros' complaints were about four other individuals, and were thoroughly investigated.

And in making the announcement, Murdoch obliquely referred to the scandal that has rocked the nework.

"While this has been a time of great transition, there has never been a greater opportunity for FOX News and FOX Business to better serve and expand their audiences. Together with our worldwide team of dedicated professionals, we are the most influential and powerful brand in television."

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