Ailes Extends News Corp. Contract

NEW YORK, November 21: Roger
Ailes, the chairman and CEO of FOX News and chairman of FOX Television
Stations, has signed a new five-year contract with News Corporation.

Ailes
will continue to oversee FOX News, FOX Television Stations, FOX Business
Network, My Network TV and Twentieth Television. He will also continue serving
as a senior advisor to News Corp. chairman and CEO Rupert
Murdoch on television and news matters. Ailes joined News Corp. in 1996,
and launched FOX News Channel that same year.

Murdoch
commented, "Roger has done a remarkable job building FOX News into a force
in journalism and built a great asset for News Corporation. I have complete
confidence in his talent and his editorial judgment. Under his leadership, I
believe that FOX Business Network will become the strongest competitor in
financial television news."

Ailes
added, "I'm pleased to continue to work for News Corporation. It is a
strong and extremely well-positioned company. I look forward to carrying out
Mr. Murdoch's legendary vision in the future."

—By Kristin
Brzoznowski