Kevin Magee, who has been the overseer of day-to-day operations at Fox Business Network since its days as a start-up enterprise, is departing, the network confirmed Thursday, leaving the management structure of the 21st Century Fox-owned outlet under review.
“I’m writing you today to tell you that I am leaving Fox Business and Fox News Radio. I’ve been thinking this over for a while now and it was a difficult decision to reach,” Magee, an executive Vice President, said in a note to staffers. Magee also supervised the operations of Fox News Radio.
He has played a central role at FBN since before its 2007 launch and helped monitor its current lineup featuring Maria Bartiromo in the morning.
FBN has vied with NBCUniversal’s CNBC in trying to capture the business-news aficionado, and while its audience is typically smaller, it has in recent months pursued a strategy of offering anchors who are deeply versed in the markets. Aside from Bartiromo, the FBN lineup also includes Neil Cavuto and Stuart Varney.
“What we have is a very good audience in that it is a very wealthy audience, and that’s very attractive to advertisers,” Magee told Variety in February. “It’s not a pure numbers game. It’s the quality of the audience, not the overall size.”
In recent months, FBN has reworked a good portion of its programming, adding an hour featuring Deirdre Bolton and another anchored by Charles Payne. In December, it launched “The Independents.” a primetime show focused on the protection of economic and civil liberties, featuring former MTV personality Kennedy.
While the network is led by Roger Ailes, the force behind the successful Fox News, Magee was the person who steered its daily operations and often was the one charged with articulating the network’s goals and mission.
The executive’s departure was reported previously by TV Newser.