Fox News President Bill Shine departs after meeting with U.S. President-elect Donald Trump at Trump Tower in the Manhattan borough of NY, U.S., November 21, 2016.

Fox host Sean Hannity previously hinted on Twitter that Shine's job was in trouble and said Shine's removal would doom the company. Other top hosts who left the network are Megyn Kelly (who starts on NBC in June) and Greta Van Susteren (now on MSNBC).

The bloodbath continued on Monday as Fox News co-president Bill Shine left the network, which prompted many to speculate Sean Hannity would be out soon as well. "Done." He added: "Somebody HIGH UP AND INSIDE FNC is trying to get an innocent person fired".

In one lawsuit filed last month, Shine was accused of helping spy on a former news host as part of a campaign to intimidate victims of sexual harassment.

And most recently, Shine was a staunch defender of former anchor Bill O'Reilly, who parted ways with Fox last month after a series of sexual harassment accusations were leveled against him.

In making the announcement, Mr. Murdoch said, "This is a significant day for all at FOX News". He has repeatedly said he is being targeted in a malicious campaign to destroy Fox News.

Politico asked Fox for comment, but a spokesperson referred them to Hannity's tweet from Monday night.

O'Reilly was sacked last month after the New York Times revealed that he and Fox had paid millions of dollars to quietly settle a series of sexual harassment allegations against him, including two after Ailes left last summer. Fox has also hired a new chief financial officer, Amy Listerman, formerly CFO of Scripps Networks Interactive, who began work this week.

Even as the backstage drama has unfolded, Fox News has maintained its lead in the ratings over CNN and MSNBC, with newer faces such as Tucker Carlson. "I know Bill was respected and liked by everyone at Fox News".

Shine's departure from Fox is the latest controversy at the news organization plagued by recent sexual harassment allegations. Shine's name was also included in other lawsuits against the network. But the "Hannity" host tweeted an article denying that he was "negotiating an exit" from Fox, Politico reported on Monday. Ailes was replaced in August as chairman of Fox News by Rupert Murdoch, who's also the chairman and controlling shareholder of parent company 21st Century Fox Inc.

Fox News, however, said in a statement speaking on behalf of Hannity and the network: "This is completely untrue."