The Blaze’s Scott Baker reports:
Fox News and Mercury Radio Arts, Glenn Beck’s production company, are proud to announce that they will work together to develop and produce a variety of television projects for air on the Fox News Channel as well as content for other platforms including Fox News’ digital properties. Glenn intends to transition off of his daily program, the third highest rated in all of cable news, later this year.
Roger Ailes, Chairman and CEO of Fox News said, “Glenn Beck is a powerful communicator, a creative entrepreneur and a true success by anybody’s standards. I look forward to continuing to work with him.” Glenn Beck said: “I truly believe that America owes a lot to Roger Ailes and Fox News. I cannot repay Roger for the lessons I’ve learned and will continue to learn from him and I look forward to starting this new phase of our partnership.
Joel Cheatwood, SVP/Development at Fox News, will be joining Mercury Radio Arts effective April 24, 2011. Part of his role as EVP will be to manage the partnership and serve as a liaison with the Fox News Channel. Roger Ailes said: “Joel is a good friend and one of the most talented and creative executives in the business. Over the past four years I have consistently valued his input and advice and that will not stop as we work with him in his new role.” “Glenn Beck” is consistently the third highest rated program on cable news. For the 27 months that “Glenn Beck” has aired on Fox News, the program has averaged more than 2.2 million total viewers and 563,000 viewers 25-54 years old, numbers normally associated with shows airing in primetime, not at 5pm. “Glenn Beck” has dominated all of its cable news competitors since launch.
Rumors had been swirling around for a while that this was coming. In July of 2009, Beck told an audience he might be going blind. And a September, 2010 New York Times Magazine article noted that Beck,
is the only major personality at the network whose office is not at Fox News headquarters in the News Corp building (Mercury is a few blocks down Sixth Avenue). He employs his own publicist, Matthew Hiltzik, a communications consultant who is the son of Beck’s agent, George Hiltzik. Beck receives a $2.5 million salary from Fox News, which bumps to $2.7 million next year, the last of the contract. It is a small fraction of Beck’s revenues, the bulk of which he brings in from his radio and print deals.
More recently, some have speculated there might even be a “Glenn Beck channel.”
Beck’s show launched on Fox News the day before Obama’s inauguration.