Kranz Gets Promotion at Fox News

Dec 9, 2004  •  Post A Comment

Mark Kranz has been promoted from VP of finance to chief financial officer of Fox News. The move fills the opening left by the promotion of Jack Abernethy to CEO of Fox Television Stations. Mr. Kranz will report to Fox News Chairman and CEO Roger Ailes and will oversee all financial matters of the network, including budgeting, accounting, purchasing and business and strategic planning.

“Mark has played a key role in helping the network achieve outstanding growth and profitability. He is a strong, talented executive who earned this promotion through steady performance, mature advice and attention to detail,” Mr. Ailes said.