Fox Corp. said it signed a new, multiyear contract with Fox News Media Chief Executive Suzanne Scott, as the media company posted strong quarterly revenue growth boosted by political advertising on its local TV stations.
The deal with Ms. Scott comes at a critical moment for Fox News, as the cable news network faces increased competition, a postelection decline in ratings and a defamation lawsuit.
On an earnings call, Fox Corp. Chief Executive Lachlan Murdoch praised Ms. Scott’s leadership and endorsed recent programming moves she has orchestrated, which include the addition of a new opinion hour on the Fox News Channel and the cancellation of Lou Dobbs’s show on the Fox Business Network.
“I have been fortunate to work closely with Suzanne over the last several years and have seen in action her ability to seamlessly guide the newsroom as stories break, her openness to new ideas, and her ability to innovate new opportunities to grow our business,” Mr. Murdoch said.
Ms. Scott took over editorial leadership of the Fox News empire in 2017 from Roger Ailes, who was forced out amid sexual harassment accusations, which he denied. In 2018, she became chief executive of the Fox News Group.
