Shine, who has been with Fox News since 1996 and served as co-president since Roger Ailes' ousting past year, worked closely with and was a vocal supporter of Bill O'Reilly, who exited Fox News this month following sexual harassment claims.
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 has been facing several sexual assault charges since a year ago, involving former Fox News Chairman and CEO Ailes and the network's formerly top-rated host, Bill O'Reilly.
Ailes was dismissed from the network last summer following multiple allegations of sexual harassment.
Suzanne Scott, now an executive vice president, will take on some of Shine's duties with a new title, president of programming, overseeing opinion shows like "The Five" and "Hannity".
Shine shared that title with Jack Abernethy, who oversees the business side of Fox News and remains at the network. Putting a woman in the top spot at Fox News would send a distinct message given the issues that have been roiling the network.
Shine likely read the Hollywood Reporter piece about himself, for Sherman says that he marched into Murdoch's office early Monday and demanded to talk.
Rupert Murdoch, an executive chairman of 21st Century Fox, confirmed the news when he told employees Shine had resigned, according to CNN.
First, its president Roger Ailes lost his job for sexual harassment.
Fox is promoting two executives as Fox News presidents.
Many suggest that Shine's dismissal is another signal that the company is looking to start fresh following the controversial departures of O'Reilly and Ailes. "Last week, in response to reports Shine was being pushed out, Hannity tweeted: ".that's the total end of the FNC as we know it".
O'Reilly and Ailes have both denied the claims made against them. Roginsky also named general counsel Dianne Brandi in her suit.
Fox News said today that its besieged co-president Bill Shine is out, calling it a resignation. As Deadline notes, she's being represented by Nancy Erika Smith, the same attorney who worked on Gretchen Carlson's sexual harassment case against against Fox News previous year.
The lawsuits against Fox News continue to mount.
During the final moments of Hannity's Monday night show, he addressed the rumors that he would be leaving the network, albeit in the briefest of terms. "Done." He added: "Somebody HIGH UP AND INSIDE FNC is trying to get an innocent person fired".