Fox stock holds steady following O'Reilly firing

Fox stock holds steady following O'Reilly firing

However, O'Reilly's show was pulled off the air only 18 days after a New York Times report on April 1 detailing payouts totaling about $13 million to five women to settle claims of sexual harassment and other inappropriate behavior.

Right from its start, Fox created a top-down, hostile work environment for even its most successful female hosts, including Megyn Kelly, who has decamped to NBC, and Gretchen Carlson, the fearless soul and former anchor who got the ball rolling previous year with her allegations of harassment against Roger Ailes.

Terry O'Neill, president of the National Organization for Women, called the payout for O'Reilly "obscene".

"Their risk is high, that is that of the corporation, and especially if there's more than one allegation of sexual harassment, if they are on notice of that and they continue to employ that person, it could cost them-not only in the court of public opinion, but in the court of law".

"Bill and I did not see eye to eye on - anything", Colbert said during his Late Show monologue.

Authorities say that a 15-year-old Tennessee girl who disappeared with her teacher has been found safe in California. O'Reilly's success at appealing to like-minded viewers made him and Fox into cable news leaders. It followed a boycott of O'Reilly's very popular nightly show by more than 50 advertisers, with the possibility of lasting financial damage. "It is the end of an era here at the Fox News Channel". Still, O'Reilly could have used his enormous viewership and audience loyalty to try to temper the growing polarization and anger in society. Exactly two weeks later, O'Reilly was dismissed. There were no further negotiations about his exit package this week because his recently signed contract already had outlined the terms of his departure, one of the people said. So many women have come forward, so much money has been paid out. She said that she did not tell her temporary work agency because she didn't want to damage the relationship she had with the firm. Fox is in the midst of trying to secure the British government's approval of its proposed $14-billion takeover of Sky, the profitable European pay-TV service. Ailes, the founding CEO of Fox News, was accused of harassment by Fox employees. Fox now owns 39% of Sky but wants to fully control it.

Burgess, who as of today has more television presence than O'Reilly, said she held off on reporting him out of worry for her career, but she eventually reported him because she "wanted to save him from doing it to anyone else". "They probably realized that it was just the tip of the iceberg".

Now, if the allegations against O'Reilly are true then yes, he need to be fired.

"Credit to James and Lachlan for doing the right thing here", said DiClemente, who noted that dealing with the O'Reilly controversy "in the right way" could be helpful for the Sky review. New viewers might just appreciate seeing something different, and with Eric Bolling gone from the panel, the discussions should be more substantive and less sycophantic.

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