The Fox News Channel, ever the cable news bastion of conservative media, has been rocked in recent months with multiple scandals.
First was the departure of long time head of the network Roger Ailes after several lawsuits alleged harassment of female coworkers.
Then came the untimely and quite costly departure of Megyn Kelly.
Now, easily the biggest news yet, insider sources say the Murdoch family has decided to let Bill O’Reilly go after a string of controversies, including female harassment suits of his own, that were too much to handle.
Now the big question is who will replace the man who has dominated cable news for more than a decade.
Here’s more from New York magazine…
The Murdochs have decided Bill O’Reilly’s 21-year run at Fox News will come to an end. According to sources briefed on the discussions, network executives are preparing to announce O’Reilly’s departure before he returns from an Italian vacation on April 24. Now the big questions are how the exit will look and who will replace him.
Wednesday morning, according to sources, executives are holding emergency meetings to discuss how they can sever the relationship with the country’s highest-rated cable-news host without causing collateral damage to the network. The board of Fox News’ parent company, 21st Century Fox, is scheduled to meet on Thursday to discuss the matter.
Sources briefed on the discussions say O’Reilly’s exit negotiations are moving quickly. Right now, a key issue on the table is whether he would be allowed to say good-bye to his audience, perhaps the most loyal in all of cable (O’Reilly’s ratings have ticked up during the sexual-harassment allegations). Fox executives are leaning against allowing him to have a sign-off, sources say. The other main issue on the table is money. O’Reilly recently signed a new multiyear contract worth more than $20 million per year. When Roger Ailes left Fox News last summer, the Murdochs paid out $40 million, the remainder of his contract.