According to the Hollywood Reporter, Roger Ailes is to resign as chairman and CEO of Fox News. Rupert Murdoch is to take over Ailes' responsibilities. The resignation comes after accusations of sexual harassment. It is rumoured that he will receive $40 million as he leaves, but that he will be subject to a non-compete agreement.
Ailes had been with Fox News since its founding in 1996. Prior to that, he was a Republican political consultant.
(Score: 0) by Anonymous Coward on Saturday July 23 2016, @05:44PM
Some of the top rated talent at FOX (O'Reilly, Hanity & Van Susteren) have "opt out" clauses in their contracts if Ailes leaves. Though he has a non-compete I bet FOX doesn't enforce it unless some of those listed jump ship and try to hitch their wagons to Ailes.
(Score: 1, Insightful) by Anonymous Coward on Saturday July 23 2016, @06:59PM
They would never follow him anywhere. First is that those contracts are guaranteed money, anything they'd get following to somewhere else is purely speculative. Fox News has tens of millions of viewers, following him would start with zero. Any company he would start would have problems getting funding due to this giant black mark on him. And that is just the beginning. Following Ailes would, effectively, be career suicide. The most successful person who left was Glenn Beck and even though he left scandal free and in relatively good graces, his company is struggling to break even, let alone profit.
(Score: 2) by Walzmyn on Saturday July 23 2016, @07:36PM
Hannity is going to have a problem not leaving.
As far as his head is stuck up Ailes backside, it could be fatal if his body stayed and his head popped off.
of course, now that I think about it, Hannity losing his head might not change much...
(Score: 0) by Anonymous Coward on Saturday July 23 2016, @10:00PM
Some of us suspect it has already happened a while ago.