Hah! I knew it was too good to be true:

Covering the story on Thursday morning, Fox Business News noted that Fox News Chairman and CEO and Fox Television Stations Group chairman Roger Ailes will continue report directly to Rupert Murdoch and run the top-rated cable news network. A FNC spokesperson did not immediately respond to The Hollywood Reporter's request for confirmation.

Ailes and the older Murdoch have long had a close relationship, founding the network in 1996 and making it the dominant force in cable news. "If he's in town, the door may open and he'll walk in and plop down. He just hangs out for an hour, wrecks my schedule," Ailes recently said of their working relationship in a THR cover story. "He likes Fox News, so I don't have a lot of business discussions with him."

Murdoch's sons, James and Lachlan, are known to have differing political views from their conservative father — and Ailes relationship with the pair is said to be less close. He characterized them as "smart" and "capable," adding "I don't know them very well. I don't interact with them on a daily or even weekly basis."