New Contract for Ailes

Dec 21, 2005  •  Post A Comment

Roger Ailes has a new contract that will pay him a $5 million annual base salary plus an annual bonus of at least $1 million and plus performance-based bonuses to serve for the next five years as chairman and CEO of Fox News Channel and the pending Fox Business Channel that News Corp. Chairman Rupert Murdoch fervently desires, in addition to serving as chairman of Fox Television Stations and editor in chief of Fox News.com.

Under the contract, revealed in a filing with the Securities and Exchange Commission, Mr. Ailes also is scheduled to receive 333,333 shares of restricted stock units that will vest in five equal annual installments starting Aug. 15, 2006.