06/25/2015 12:05 EDT | Updated 06/25/2016 01:12 EDT

Fox News chief Roger Ailes staying put with new contract

NEW YORK, N.Y. - 21st Century Fox says Roger Ailes has signed a new contract to continue as chief executive of Fox News Channel, the network that has become a ratings and financial powerhouse since he started it two decades ago.The parent company moved quickly to lock up Ailes, 75, after some doubts about his future emerged last week following news that company patriarch Rupert Murdoch was turning over some power to his sons Lachlan and James. Terms, including the length of the contract, were not disclosed. Ailes' contract was to expire next June.Fox News is wildly popular with conservatives and has significantly more viewers than its news competitors. Its look, philosophy and personnel are a reflection of its chief executive in a manner unlike any other network.