Rupert Murdoch

Fox News' recently named co-presidents sign new contracts

Fox News co-presidents Jack Abernethy and Bill Shine have signed new long-term contracts.

Rupert Murdoch made the announcement on Wednesday.

Murdoch is the executive chairman of Fox News and Fox Business Network and of 21st Century Fox.

Murdoch says the new deals will ensure "stability and leadership to help guide the network for years to come."

The duration of the contracts was not disclosed.

Last month, Murdoch appointed the two veteran Fox News executives to lead the network after the July departure of Roger Ailes following sexual harassment allegations.

Shine, who had been one of Ailes' top deputies, now runs editorial operations for...