Business, Economics and Jobs

Roger Ailes inks a 4-year contract with Fox


Roger Ailes, President of Fox News Channel, attends the Hollywood Reporter celebration of "The 35 Most Powerful People in Media" at the Four Season Grill Room on April 11, 2012 in New York City.


Stephen Lovekin

Roger Ailes has signed another four-year contract with News Corp. to continue running all four Fox stations, the media conglomerate announced Friday.

The four-year contract puts Ailes at the helm of Fox Business Network, Fox television stations and 20th Century TV, the Huffington Post reported

Ailes is, as Forbes pointed out, "arguably the most powerful executive at News Corp. after Rupert Murdoch": The conservative news channel is responsible for pulling in $1 billion a year in profits, or 40 percent of News Corp.'s total haul. 

More from GlobalPost: Roger Ailes regrets calling New York Times' reporters 'a bunch of lying scum'

The Daily Beast's Howard Kurtz first tweeted the news: 

The details of the deal have not been released, but Ailes is rumored to be asking for a raise on his $21 million salary, according to the Post. 

Ailes has run Fox News since 1996 when it was founded, and has run a spin-off channel, the Fox Business Network, since 2007, the New York Times reported

[View the story "Roger Ailes gets four more years with Fox" on Storify]