Rupert Murdoch to succeed Ailes as head of Fox News Channel
The latter has resigned due to a harassment suit by former Fox star Gretchen Carlson
New York
ROGER Ailes has resigned as head of the Fox News Channel, felled by sexual harassment accusations levelled by a former anchor, leaving his boss and longtime ally Rupert Murdoch to settle frayed nerves at the most- watched news network in the US.
21st Century Fox Inc, which owns Fox News as part of its collection of cable and entertainment assets, confirmed the extraordinary changes on Thursday. Ailes will become an adviser to Mr Murdoch, who at 85 becomes chairman and acting CEO for Fox News Channel and Fox Business Network.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue