Fox News has re-signed longtime anchor Shepard Smith to a new multiyear deal, according to an announcement by 21st Century Fox and Fox News Executive Chairman Rupert Murdoch.

“Shepard Smith is an exemplary journalist whose skill in anchoring breaking news is unrivaled. His powerful storytelling on both television and digital platforms has elevated our entire news gathering process,” Murdoch said.

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Smith, 54, began with the network at its inception in 1996. He will continue to serve as its chief news anchor and managing editor of breaking news and said in the deal's announcement that he is "honored to continue to call Fox News my home."

“I am incredibly proud to be part of a group of journalists who helped build the FOX news division from scratch 22 years ago and extremely thankful for the opportunity to continue to lead our breaking news coverage for years to come," the University of Mississippi graduate said.

"Our team’s commitment to delivering facts to our loyal viewers in context and with perspective, without fear or favor, is unwavering. The investment that Mr. Murdoch has infused into our already strong news division affords us endless opportunities. I am excited for the future and honored to continue to call FOX News my home," he added.

Terms of the deal were not disclosed.

"One of [Fox News Channel's] original hires in 1996, Smith’s highly relatable reporting has been a trademark of the network since it launched. He has covered virtually every major news story over the course of his career as both a correspondent and an anchor, playing a major role in the network’s innovation of the way news is presented," the Fox News announcement reads.

According to Nielsen Media Research, "Shepard Smith Reporting," which airs at 3 p.m., averaged 1.6 million viewers and 335,000 in the key 25–54 demographic that advertisers covet most, topping CNN and MSNBC in both categories.