21st Century stock rises after O'Reilly firing

Candice Alexander
April 21, 2017

"I'm not going to sit here and publicly gloat", he said. The company is making "a pretty big statement" to that effect by dropping O'Reilly, said Hall, the American University professor. Concern over whether Fox broke the law by failing to disclose its settlements to investors is more likely to impact approval than whether the company is mired in sexual misconduct allegations, said Claire Enders of Enders Analysis, who has studied the Murdoch empire for years.

The scathing story also reported that a total of five women have received payouts totaling to roughly $13 million from either O'Reilly or 21st Century Fox as hush money to prevent them from pursuing litigation or speaking about their accusations against him. While O'Reilly denied wrongdoing, dozens of his show's advertisers fled within days even as O'Reilly's viewership increased.

In an internal memo, Fox said the decision to remove him was made with outside counsel.

I understand how hard this has been for many of you.

Shares were up 30 cents to $30.69 shortly after the market opened.

The announcement came just hours after the combative and right-wing television personality was photographed shaking hands with Pope Francis in St Peters Square on holiday in Rome.

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The payout follows the presenter's dismissal from Fox News this week after a 22-year career with the network and compares with the $40m collected by Roger Ailes, the network's former chairman, when he parted ways in similar circumstances last year. The pain of countless women lingers in O'Reilly's wake.

He figures that O'Reilly's replacement in the 8 PM time slot - Tucker Carlson - will generate 35% less, which would be in line with other FNC shows. "Half of the fun that they have with their audiences comes from watching the outrage that they manage to provoke". "Trump embodied numerous principles that O'Reilly had popularized over the years - most notably a visceral rejection of political correctness and a willingness to blame most of the problems in the country on a biased and liberal media", Cilliza said.

Not only have there been multiple allegations that O'Reilly, who just published another bestselling book, Old School, on good old American values - including treating women respectfully - harassed, intimidated and diminished the women who worked with him.

O'Reilly has another "Killing" book scheduled for September, although the subject hasn't been announced.

"I'm not sure I see much evidence of that; otherwise, Judy Woodruff would be off the charts", he said, referring to the anchor of "PBS NewsHour". According to the report, O'Reilly was set to earn $25 million per year through the next presidential election. Donning his frameless glasses, coiffed hair, and his "C" lapel pin, Colbert began to shame the viewers.

Other reports by VgToday

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