Aw: Shep Smith signs new contract with Fox News

Fox News Channel’s signature news anchor Shepard Smith has signed a new multi-year deal to continue as the channel’s lead news anchor as well as anchor of FOX Report and Studio B. Smith’s most recent pact with Fox News inked in 2007 was for 3 years and nets him $7 million-8 million a year. Fox News is expected to announce Smith’s re-signing this afternoon. Smith, who is a guest on The View today to talk about midterm election coverage will also probably address his new contract on the ABC talk show where his Fox News colleague Bill O’Reilly recently made headlines with his visit.