Joe Simonson on May 17, 2018

21st Century Fox has announced that Suzanne Scott will be the new CEO of Fox News and Fox Business Network, making her the only female to currently run a news network.

Scott previously served as president of programming for Fox News and Fox Business.

The news comes in the midst of a major corporate restructuring by 21st Century Fox as it plans to sell the majority of its entertainment assets to The Walt Disney Company.

Lachlan Murdoch and father Rupert Murdoch will continue to lead the new Fox as co-chairmen.

“Suzanne has been instrumental in the success of FOX News and she has now made history as its first female CEO,” Lachlan Murdoch said. “Her vision and innovation have helped create some of the most popular and lucrative primetime programs on cable and as we embark on the era of the proposed New Fox, I am confident that Suzanne’s leadership will ensure the dominance of both FOX News & FBN for years to come.”

Jay Wallace will serve as president of Fox News and as its executive editor, according to Variety.

The company is currently in the midst of trying to sell its $52.4-billion entertainment stock to Disney, although Comcast has signaled it is considering a bid as well.

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