Deals
Facing the Future at Fox News
The ouster of a symbol of old media gives the Murdochs an opportunity to reshape the network.
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Roger Ailes helped build Fox News into the top prime-time cable network. Now, he is said to be on the way out amid allegations of sexual harassment.
The prospect of the network losing one of the most powerful TV news executives, even in disgrace, rattled investors in parent 21st Century Fox and the stock dipped Wednesday. But generational shifts occurring in television make it an opportune time to change the guard at Fox News -- and that much easier for the Murdochs to show the door to the 76-year-old.