With ratings at Fox News slipping, My Network TV off to a poor start and flat revenue growth at local stations, Roger Ailes faces steep challenges, according to a story in the Wall Street Journal.
Rupert Murdoch continues to express full confidence in Roger Ailes, the political consultant he hired to launch Fox News a decade ago, but the executive has hit a spate of hurdles lately, according to a page one story in today’s Wall Street Journal. A big issue is Ailes’ autocratic management style, says writer Julia Angwin, who writes that his decisions to rush My Network TV onto the air on a shoestring budget, and to pick up Geraldo Rivera’s magazine show haven’t paid off in ratings success.
MNT losing $1 million a week, according to the story, and owned station revenues for the most recent fiscal year, ending in June, were flat.
Executives within Fox, including the now departed Lachlan Murdoch, have bristled at Ailes’ tendency to overrule them.
For more, click here.