Fox News chairman and CEO Roger Ailes has renewed his contract, ending speculation about his future at 21st Century Fox now that Rupert Murdoch’s sons are taking over the company.
Ailes’ contract renewal was announced Thursday morning. The company characterized it as a “new multi-year contract.” Ailes’ contract was previously set to expire in the summer of 2016, months before the presidential election.
The value of the deal was not disclosed.
Along with running Fox News, Ailes oversees the Fox Business Network and Fox’s local television stations.
“I look forward to working with Rupert, Lachlan and James to do my part to help bring 21st Century Fox well into the future,” Ailes said in a statement.