[Updated at 10:30 a.m. PT on Aug. 15, 2014 to better indicate what these management changes are all about. We tweaked the headline and first sentence.]
Fox Business Network and Fox News are tweaking the responsibilities of two of its top executives, a move that Variety reports is a signal that FBN and Fox News may have closer management ties moving forward.
“Bill Shine, a Fox News veteran who has been involved with the 21st Century Fox-owned outlet since its 1996 launch, will take a greater role in managing programming and network synergies for both outlets,” the story reports, adding: “Brian Jones, who has managed operations at Fox Business for years, will take an expanded role at the financial-news network.”
Roger Ailes will remain chairman and CEO of both networks, and will continue to run them, the report notes.
“Shine was promoted to senior executive vice president of programming of Fox News Channel. Jones was promoted to executive vice president of news operations and will assume additional day-to-day responsibilities for all Fox Business Network news operations. Shine will continue to report to Ailes, while Jones will report to Shine,” the story reports.
News surfaced late last month that Kevin Magee, who ran FBN’s day-to-day operations, was leaving the network he joined before its launch in 2007.
The report adds: “FBN has vied with NBCUniversal’s CNBC in trying to capture the business-news aficionado, and while its audience is typically smaller, it has in recent months pursued a strategy of offering anchors who are well-versed in the markets. Aside from Maria Bartiromo, the FBN lineup also includes Neil Cavuto and Stuart Varney.”