Under pressure following allegations of sexual harassment, Roger Ailes resigned from Fox las July. The media mogul has a 20 year reign over what is considered America's most lucrative and powerful cable news channel for conservatives. Ailes dies at 77 years of age.
Fox News is owned by Rupert Murdoch's Twenty-First Century Fox Inc. Ailes received a severance package of about $40 million when he left Fox News, according to a source familiar with the situation, and went on to serve as an informal adviser to Murdoch.
“Today America lost one of its great patriotic warriors," Fox News host Sean Hannity said in a statement read on the channel on Thursday. "For decades, RA (Roger Ailes) has impacted American politics and media. He has dramatically and forever changed the political and the media landscape single-handedly for the better."
Brian Kilmeade, another Fox News host, said on the channel that Ailes “helped build Fox News Channel into the powerhouse it is today.” Ailes' widow, Elizabeth Ailes, confirmed his death in a statement on the Fox News website.
"I am profoundly sad and heartbroken to report that my husband, Roger Ailes, passed away this morning," she wrote.
Neither his wife nor Fox released any details on the circumstances of Ailes' death. He suffered from hemophilia, according to a source familiar with the matter. Gabriel Sherman, a reporter who wrote a biography of Ailes, said on Twitter that Ailes died after suffering a blood clot after falling in Palm Beach, Florida, citing two family friends. Reuters could not immediately confirm Sherman's report. Twenty-First Century Fox had no immediate comment.
U.S. stocks edged up slightly on Thursday as investors sought bargains a day after the market slumped following a scandal that cast a shadow over Donald Trump's presidency and the future of his ambitious pro-growth agenda.
Reuters copy / TRUNEWS summary.