Fox News announced today that a veteran executive who was one of the channel’s first employees is stepping down. Paul Rittenberg, the network’s executive vice president of Advertising Sales, will exit his position effective April 28.
“Mr. Rittenberg has led all television and digital ad sales efforts for Fox News Channel (FNC) and Fox Business Network (FBN) since their inception,” the company said in its announcement.
Co-Presidents Jack Abernethy and Bill Shine included a joint statement in the announcement, saying: “Throughout his 20 plus years at Fox News, Paul has developed powerful relationships with clients and built one of the most respected and successful teams in the industry. Coming off our most profitable year yet, we are tremendously grateful to him for his many contributions in making both Fox News Channel and Fox Business Network the most coveted marketing platforms in cable.”
Rittenberg says in the announcement: “It has been one of my greatest honors to help build the Fox News brand from the ground up into the most successful and recognizable names in the industry. I am so proud of what we were able to accomplish and am grateful for the opportunity to work with such a talented team.”
Rittenberg was one of the Fox News Channel’s first employees, joining in April 1996 as vice president of Advertising Sales, six months before the channel’s launch.
“During his more than two-decade tenure, he was responsible for helping the network achieve operational break-even by doubling advertising sales every year,” the announcement notes. “In 2007, he took on the additional role as head of sales for FBN, and led the network to operational break-even ahead of schedule. 2016 marked FNC and FBN’s most profitable years in each network’s history, breaking records across both the television and digital space.”
Rittenberg was vice president of Advertising Sales at CNBC before joinging Fox.