[Ed. – The implosion is now underway. Fox News as it was can’t continue. It’s hard to see why the Murdoch kids would want to mess with the channel’s long-running success, which won’t survive a shift to a left-er viewpoint. There’s a reason left-wing news gets such lousy ratings. But that’s what the buzz is: that the younger Murdochs want to reshape Fox News politically. Sad. Emphasis added, if you need a good laugh.]
A Fox News source told Breitbart News that Shine resigned.
UPDATE: Fox News has confirmed Shine’s resignation, with a press release reading in part:
Bill Shine, Co-President of FOX News Channel (FNC) since August 2016, has resigned and will leave the company after helping the transition over the next few weeks, announced Rupert Murdoch, Executive Chairman of 21st Century Fox. Shine has been with FOX News since its inception over 20 years ago.
In making the announcement, Mr. Murdoch said, “This is a significant day for all at FOX News. Bill has played a huge role in building FOX News to its present position as the nation’s biggest and most important cable channel in the history of the industry. His contribution to our channel and our country will resonate for many years.”
Jack Abernethy remains Co-President of FOX News and CEO of Fox Television Stations.
Shine, 53, has worked at the cable news network since its inception in 1996. He was a producer on Hannity and Colmes and rose through the company, serving as a deputy to former CEO Roger Ailes. …
Michael Wolff, a media reporter and biographer to Rupert Murdoch, reported in October of last year that the younger Murdochs want Jeff Zucker, currently President of CNN, to take over Fox News.