"We will all miss him", Rupert Murdoch, chairman of Fox's parent company, said in an emailed memo to employees. Murdoch praised Shine's "huge role in building Fox News to. the nation's biggest and most important cable channel".
Many have called for Shine's departure since former CEO Roger Ailes left the company amid reports of sexual harassment in 2016. In the previous year, many famous Fox faces have departed the network, most notably Bill O'Reilly amid allegations of sexual harassment.
Shine began at Fox News as Sean Hannity's producer and now that he is gone, all eyes turned to Hannity. Jack Abernethy, who was a co-president with Shine, remains in his current position.
Both Scott and Wallace have been with Fox News since its inception - which means they, too, worked closely with Ailes for two decades.
Fox will still have plenty of old hands to rely on, even as it brings a new manager on board.
"Sadly, Bill Shine resigned today", Murdoch said in the email.
Suzanne Scott, Executive Vice President becomes President, Programming of FOX News Channel.
Since then, Shine has had to deal with the loss of Megyn Kelly to rival NBC News as well as the O'Reilly sexual harassment allegations. Ms. Scott, who is now the president of programming, has been cited in lawsuits against the network as a figure who enabled and concealed Mr. Ailes's behavior. (Abernethy also continues to run the Fox Television Stations group.) Jay Wallace, a well-regarded executive who runs the network's news side, also was promoted Monday.
She said that in a meeting in December, Shine told her he didn't believe the allegations against Ailes until recently.
Shine's departure follows the firing of top personality Bill O'Reilly and Ailes, both amid charges that they had harassed women. Ailes has denied all allegations made against him.
"This is a significant day for all at Fox News", said Murdoch.
The news represents what may be the final nail in the coffin of the "old" Fox News establishment. "I never thought I was sexually harassed by Sean Hannity, I thought he was weird and creepy". "Somebody HIGH UP AND INSIDE FNC is trying to get an innocent person fired", he tweeted.
Others said Hannity could be leaving as early as Monday or Tuesday, or next week, given Shine's departure.