Fox News Suspends Contracts Of Newt Gingrich And Rick Santorum

ABC News' Michael Falcone reports:

Fox News announced on Wednesday that is has suspended the television contracts of two potential presidential candidates -- Newt Gingrich and Rick Santorum -- for 60 days at which point they will have to inform the network whether or not they are running for president.

The suspension will remain in place until May 1 at which point their contracts with Fox News will be terminated.

Anchor Bret Baier announced the suspension on the network Wednesday morning, saying that it was the network's policy.

"This is the announcement that's being made today," Baier said. "This does not preclude other announcements that may be made in the future. But that's what we have today. The 60-day suspension and then by May 1 a determination whether they're going to run and then those contracts will be terminated."

Neithee Baier nor Fox announced whether other potential candidates with Fox, including Sarah Palin, John Bolton and Mike Huckabee, who hosts his own weekly show on the network, would also face similar suspensions.

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