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Bill Shine, who has served as co-president since Roger Ailes was ousted earlier this year, is out at Fox, and a top female excutive will assume half his duties. As Gabe Sherman noted on Twitter, Shine reportedly went to Murdoch this morning, and the two worked out an exit deal. Murdoch said in a statement:

Sadly, Bill Shine resigned today. I know Bill was respected and liked by everybody at Fox News. We will all miss him. — Rupert Murdoch

Suzanne Scott, who has been at Fox since 1996 and was last an EVP programming and development, will become president of programming, and Jay Wallace will become president of news, per the statement.

What's next: Sean Hannity won't be happy.

Mike Allen update: Fox in a box: "The profitable, influential, seemingly impregnable Fox News is suddenly vulnerable. In a massive disruption for right-wing media, Fox talent is on the market, the purge of the old-boy clique may continue, and there's huge internal paranoia about further lawsuits and revelations."

Related: Timeline of Fox News since Ailes allegations

Go deeper

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.

U.S. Chamber decides against political ban for Capitol insurrection

A pedestrian passes the U.S. Chamber of Commerce headquarters as it undergoes renovation. Photo: Andrew Harrer/Bloomberg via Getty Images

The U.S. Chamber of Commerce revealed Friday it won't withhold political donations from lawmakers who simply voted against certifying the presidential election results and instead decide on a case-by-case basis.

Why it matters: The Chamber is the marquee entity representing businesses and their interests in Washington. Its memo, obtained exclusively by Axios, could set the tone for businesses debating how to handle their candidate and PAC spending following the Jan. 6 Capitol attack.