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FOX News, FOX Business Network get new CEO

Suzanne Scott will lead 21st Century Fox Inc.'s FOX News Channel (US) and FOX Business Network (US) as CEO.

Scott previously was the president of programming for both networks.

The company also tapped Jay Wallace to be president of FOX News and executive editor. Jack Abernethy will continue to serve as CEO of the newly expanded FOX Television Stations Group, according to a May 17 news release. Previously, Wallace was the executive vice president of news and editorial for FOX News.

The news follows the announcement that Fox Executive Chairman Lachlan Murdoch will serve as chairman and CEO at the new FOX entity that will be created after the company's proposed transaction with Walt Disney Co. receives shareholder and regulatory approval.