Fox News CEO Rules Out Presidential Bid in 2012

'I can't take the pay cut,' Roger Ailes jokes
By Nick McMaster,  Newser Staff
Posted Oct 23, 2009 5:30 PM CDT
Fox News Chairman and CEO Roger Ailes visits the studio of Fox Business Morning during its debut on Monday, Oct. 15, 2007 in New York.   (AP Photo/Mark Lennihan)
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(Newser) – Roger Ailes won’t run for president in 2012, despite appeals from friends and associates. The Fox News CEO says he thinks he’ll serve the nation better in his current role: “This country needs fair and balanced news more now than ever before, so I’m going to decline a run for the presidency,” Ailes tells Politico. “Besides, I can’t take the pay cut.”