POLITICO Breaking News: Roger Ailes to step down from Fox News

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Roger Ailes will step aside as chairman and CEO of Fox News Channel, parent company 21st Century Fox announced.

He will remain with the company in a consulting role until 2018.

Ailes, who founded the channel in 1996 with the financial backing of Rupert Murdoch, found himself at odds with Murdoch's two children, Lachlan and James, who are now leading the company.

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