Rupert Murdoch Hopes to Keep Megyn Kelly at Fox News as Contract Negotiations Loom

Fox News
Megyn Kelly

'The Kelly File' host is locked in negotiations and is reportedly seeking an annual salary north of $20 Million.

Rupert Murdoch is not ready to lose Megyn Kelly as she negotiates her future at Fox News, according to a report in the Wall Street Journal published Wednesday.

The host of The Kelly File is in her final year of her current contract and is weighing her options as she decides whether to switch networks.

Murdoch, chief executive of Fox News as well as co-executive chairman of the parent company 21st Century Fox., is dead set on keeping Kelly on staff beyond next July when her contract expires. When asked about the chances of Kelly remaining at Fox, the WSJ reports that Murdoch was hopeful that things would work in his favor and stated that he expects her contract to be renewed "very soon," and added, "it's up to her."

Murdoch also shared that he is very much involved in the ongoing negotiations, "every minute of the day."

Despite maintaining his assurance of a positive outcome, Murdoch made it clear that while Kelly's continued presence would be an asset, there are other options that can be considered if there is a need to replace the star journalist: "We have a deep bench of talent, many of whom would give their right arm for her spot."

Kelly is in the final year of her current contract that will pay her $15 million and is reportedly seeking an annual salary above $20 million, putting her into the same earnings bracket as Fox News' star Bill O'Reilly. While that seems like a hefty price tag, Murdoch confirmed that the issue of money isn't hampering the negotiations.

Kelly has yet to issue a comment regarding her contract talks.