Bill Shine, co-president of Fox News, will part ways with the cable news network, according to Gabriel Sherman of New York Magazine.
A Fox News source told Breitbart News that Shine resigned.
Shine, 53, has worked at the cable news network since its inception in 1996. He was a producer on Hannity and Colmes and rose through the company, serving as a deputy to former CEO Roger Ailes.
Shine’s departure comes the week after Bill O’Reilly, long the king of primetime cable news ratings, left the network as a flurry of reports accused him of sexual harassment. O’Reilly has personally denied those allegations.
News Corp CEO Rupert Murdoch appointed Shine and Jack Abernethy as co-presidents after Ailes left the company in July 2016. Ailes stepped down amid sexual harassment allegations from former anchors such as Gretchen Carlson and Megyn Kelly. Shine denied knowledge of any wrongdoing in those cases, and Ailes has similarly denied all the allegations against him.
Last week, primetime host Sean Hannity tweeted that if Shine were to leave the network, “that’s the total end of the FNC as we know it. Done.”
Several inside accounts have framed Fox News’s current woes as an identity crisis; Murdoch’s sons James and Lachlan are reportedly hoping to shake up their aging father’s creation into something more palatable to their worldview and less friendly to American conservatives.
Michael Wolff, a media reporter and biographer to Rupert Murdoch, reported in October of last year that the younger Murdochs want Jeff Zucker, currently President of CNN, to take over Fox News.
Sean Hannity took to Twitter Thursday afternoon to warn of a “total end of the Fox News Channel as we know it” in the wake of a report that suggested Fox News co-president Bill Shine lacks support from the network’s top brass.
In a post on his Twitter account Thursday, Hannnity linked to a report by New York magazine’s Gabriel Sherman that claimed Shine — a 21-year veteran at Fox News — had requested a public statement of support from network CEO James Murdoch and co-chairman Lachlan Murdoch, but failed to receive one. According to Sherman’s report, Shine privately fears for his future at the network as it has endured a series of controversies, including the recent ouster of longtime star anchor Bill O’Reilly.
A Fox News spokesperson told Sherman that Shine denied having approached James and Lachlan Murdoch personally to ask for a statement of support, while a Murdoch spokesman said Shine had not directly requested a statement.
“Gäbe i pray this is NOT true because if it is, that’s the total end of the FNC as we know it. Done. Best Sean,” Hannity wrote in the first of a series of tweets defending Shine Thursday afternoon.
Conservative Alternative To Fox News Is In The Works
April 29, 2017
The canning of Bill O’Reilly by Fox News has now created an opportunity for an alternative conservative news network. Fox fans have been all over the spectrum in their reaction to the latest moves by Fox. Overall, they are seemingly taking a left turn in their position on things politic. It is feared that they will no longer live up to their promise of Fair And Balanced. Who are the conservative “fat cats” that may be looking at this? Feel free to speculate among yourselves, but read the guesses below.
As Written By James Barrett for the Daily Wire:
According to a source close with the negotiations, “conservative fat cats” are talking very seriously about launching a rival to Fox News Network. The reports come amid continued internal turmoil within the solitary mainstream right-leaning news network, turmoil largely caused by external scrutiny over sexual harassment allegations directed at two high-profile figures and what appears to be a power shift at the top.
Rumors about a new conservative network really revved up on Friday when Mediaite‘s Rachel Stockman reported that a “well-placed source close to the proposal” told the outlet that “serious discussions are underway to create an alternative conservative cable network on the belief that the Fox News Network is moving too far to the left.”
The source, who is engaged in the talks, says a meeting is planned for today with two prominent high-powered television executives, some underperforming conservative networks and people who have an interest and the ability to fund a new network.
So who exactly are the “two prominent high-powered television executives”? That’s not yet clear, but Roger Ailes, the former CEO and chairman of Fox News Channel and Fox Business Network who resigned in July 2016 amid sexual harassment allegations, was reportedly one of the key figures present at the meeting on Friday.
An unnamed television executive told Mediaite that he/she is personally working “hot and heavy” on the new, more conservative channel, which could be launched in the next 10 to 12 months. “It’s live, it’s real,” the executive said.
Stockman offers a few ideas about the possible talent that might be tapped by a new network, including the recently fired O’Reilly, The Blaze‘s indefinitely suspended Tomi Lahren, and, perhaps, Sean Hannity, who openly expressed his concerns over reports that long-time Fox veteran and current co-president of FNC and FBN, Bill Shine is being forced out by James and Lachlan Murdoch. Mediaite also vaguely references various current executives within Fox News (presumably Bill Shine among them), who “might be lured by the new opportunity.”
“The exact ‘who’ won’t be clear until the deal is more defined but the source says the pitch is that the network could immediately reach at least 85 million homes,” writes Stockman.
The increasing influence of Rupert Murdoch’s sons appears to be the driving force behind the purge of the “old guard” and the apparent leftward movement of the network, as the New York Times and New York Magazine‘s Gabe Sherman have suggested. And, as Axios notes, Fox News moving more to the center would not diminish the strong demand for conservative content that fueled its rise:
Audience demand doesn’t shift from business-side pressures. We’re watching Sinclair Broadcasting Group take strategic steps to fill that void at the local level, but if Fox goes more mainstream at the national level, there will almost certainly be a market opening for a new right-wing channel to gain some steam, at least before the cable business bubble bursts.
Stockman agrees, noting “analysts estimate that Fox News produced 25 percent of 21st Century Fox’s operating income last year or a whopping $6.6 billion.” In other words, conservative news done well can be a “cash cow.”
Former Breitbart Senior Editor MILO has announced the founding of his new $12 million dollar media company, MILO, Inc.
In a Facebook post, MILO outlined his new business plan and the $12 million investment funding that it has received from undisclosed investors. He has reportedly hired a seasoned media executive to lead the new 30-person team that will be based out of Miami, Florida. The new company will manage MILO‘s books, tours, merchandise and radio and TV opportunities.
In a statement, MILO said, “This isn’t some vanity nameplate on a personal blog. This is a fully tooled-up talent factory and management company dedicated to the destruction of political correctness and the progressive left. I will spend every waking moment of the rest of my life making the lives of journalists, professors, politicians, feminists, Black Lives Matter activists and other professional victims a living hell. Free speech is back — and it is fabulous.”
The statement also outlined MILO’s plans for free speech week at Berkeley, “MILO will release more details about Free Speech Week, his book, DANGEROUS, his new tour and the media company at a live-streamed “Cinco de Milo” party in Florida on May 5, with occasional updates between now and then on how fans and enemies can see, hear, and read his work.”
MILO also clarified the current status of the Privilege Grant, “MILO‘s charity, the Yiannopoulos Privilege Grant, recently announced the 10 recipients of its pilot grant program. Each recipient will receive $2,500 towards his higher education. A second grant will occur in the second half of 2017. Please visit privilegegrant.com/news for more information.”
MILO said, “MILO, Inc. will bring laughter and war to every corner of America in dozens of different formats. I will fight harder and look hotter than anyone else on the political right. And I will do more damage to the political left than anyone else in American culture.”
Read the full Facebook post here.