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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

NEWSMAKER: Ailes with his wife; reports of his impending departure had rattled investors, sending shares down 3 per cent this week.

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...