Fox News Taps Scripps Networks Interactive Vet as CFO
Amy Listerman replaces Mark Kranz, who retired in August 2016.
Fox News has found its new CFO.
Scripps Networks Interactive vet Amy Listerman has joined the cable news network as CFO and executive vp finance and accounting, it was announced Monday.
In her new role, Listerman will oversee financial operations for both Fox News Channel and Fox Business Network and will report to co-presidents Jack Abernethy and Bill Shine.
Listerman replaces longtime CFO Mark Kranz, who retired in August 2016 not long after the exit of CEO Roger Ailes.
“We are delighted to welcome Amy to the Fox News leadership team," Shine and Abernethy said in a joint statement. "Amy has an impressive track record of strong controllership, leading with integrity and partnering with management on growing new revenue streams. We look forward to implementing her expertise across all of our business units.”
Added Listerman: “I have always admired the strength and success of Fox News and I am very excited to join the management team and help foster the network’s growth in this new era of television.”
Listerman most recently served as CFO and senior vp advertising sales and head of advertising sales data strategy at Scripps Networks Interactive, where she was responsible for financial revenue and cost management for the company's advertising sales division. She came on board in 2012, and later saw her duties expanded to include leading the Scripps Data and Analytics organization.
Prior to Scripps Networks Interactive, Listerman enjoyed an 11-year tenure at NBCUniversal, where she most recently served as senior vp ad sales finance, pricing and strategy.
Her appointment comes in the midst of a tough week for Fox News. More than a dozen advertisers pulled their ads from Bill O'Reilly's primetime show The O'Reilly Factor in the wake of an explosive exposé from The New York Times, which alleged that around $13 million in settlements had been paid out to five women who alleged the longtime Fox News personality had sexually harassed them. Last summer, Ailes was forced to step down as CEO following several allegations of harassment and misconduct. Following his exit, Rupert Murdoch took over as acting CEO.