“Ratings for O’Reilly’s primetime evening slot plunged 26 per cent last week when he went on leave following revelations he and Fox settled $US13 million in lawsuits over sexual harassment allegations against him by female colleagues.”

Australian Financial Review article below

 

We have seen how Seven Media, an Australian’s media conglomerate, is under great pressure to sack it’s CEO Tim Worner for exploitation of young female employees, while being a married man and pretending to be a leader in good Australian family values and good Australian company culture.

Seven CEO Tim Worner has been shown up to be a drug-taking sex-fiend and should be sacked.

In a similar manner Fox Corporation, a much larger corporate entity than Seven Media, has just sacked Bill O’Reilly, it’s star news presenter, for multiple sexual harassment charges involving female employees of Fox Media.

Last year Fox sacked it’s long-standing chairman Roger Ailes for sexual harassment of female employees.

The world is changing rapidly and electronic media and the internet is showing people’s sins to the world.

 

Australian Financial Review

Rupert Murdoch cedes power to sons on Bill O’Reilly sacking

 

Rupert Murdoch, center, and his sons, Lachlan, left, and James Murdoch attend the 2014 Television Academy Hall of Fame ...
Rupert Murdoch, center, and his sons, Lachlan, left, and James Murdoch attend the 2014 Television Academy Hall of Fame in Beverly Hills. AP

 

“The sacking of Rupert Murdoch’s most popular American television star, Bill O’Reilly, over sexual harassment allegations signals that the ageing media mogul has relinquished ever more power to sons James and Lachlan at the family-controlled media empire.

Still, ditching the arch conservative Fox News broadcaster and President Donald Trump’s friend O’Reilly also presents business risks for the famous Australian media family, who control 21st Century Fox and News Corporation.

The divisive O’Reilly, 67, was the biggest revenue generator for the No.1 rating Fox News subscriber television network and the top rating presenter nationwide for 15 years.

 

The New York Times reported on April 1 that Fox and O'Reilly, a 20-year veteran of the conservative cable network, paid ...
The New York Times reported on April 1 that Fox and O’Reilly, a 20-year veteran of the conservative cable network, paid five women a total of $US13 million to settle harassment claims. AP

 

Ratings for O’Reilly’s primetime evening slot plunged 26 per cent last week when he went on leave following revelations he and Fox settled $US13 million in lawsuits over sexual harassment allegations against him by female colleagues.

To some extent their hands were forced after dozens of companies yanked advertising from O’Reilly’s show in revolt against his alleged behaviour.

The brothers ignored President Trump’s assessment of O’Reilly as a “good person” and his declaration that, “I don’t think Bill did anything wrong”.

Michael Wolff, author of the authorised biography of Rupert Murdoch, The Man Who Owns the News: Inside the Secret World of Rupert Murdoch, went as far on Thursday to argue that the dismissal of O’Reilly meant “Rupert Murdoch is no longer running this company”.

 

Republican presidential candidate Donald Trump, left, speaks during his interview by Bill O'Reilly on Fox's news talk ...
Republican presidential candidate Donald Trump, left, speaks during his interview by Bill O’Reilly on Fox’s news talk show “The O’Reilly Factor”, in November 2015. AP

 

“It’s a company that is principally run by his sons,” Wolff said.

“Fox embarrasses them and it’s their father’s legacy … and not their legacy.”

Fundamental reform ahead

Similarly, James and Lachlan also forced the exit of Fox News founder Roger Ailes last year, pushing back against Rupert’s initial resistance.

 

Former Fox News chairman Roger Ailes with Rupert Murdoch.
Former Fox News chairman Roger Ailes with Rupert Murdoch. AP

 

For years, it seems sexual harassment allegations against Ailes and O’Reilly were swept under the carpet in preference for the booming profits they delivered.

The sons though have tackled Fox’s obvious culture problems head on. Their interventions were not enough to prevent the defection to rival NBC of female star, Megyn Kelly, who clashed with O’Reilly and Ailes.

Wolff says the Murdoch sons, especially the more left-leaning James, want to “fundamentally” reform Fox News by shifting it from a right-wing talk station to a global television business.

Indeed, 21st Century Fox has lobbed a bid to seize full ownership of United Kingdom-based pay television company Sky, partly to more easily distribute its entertainment content via Sky networks in the UK, Germany, Italy, Ireland and Austria.

 

Kelly, 46, played a large role in the success of Fox, with 2.7 million viewers on average for her prime-time show, The ...
Kelly, 46, played a large role in the success of Fox, with 2.7 million viewers on average for her prime-time show, The Kelly File. AP

 

Amid resistance to the takeover from British politicians with long memories over the News of the World phone hacking scandal, Fox needs to pass a “fit and proper” regulatory test in the UK for the full Sky acquisition.

Ditching O’Reilly and Ailes may help that cause.

Charting a different course

Problematically, O’Reilly’s exit leaves open the possibility that he reunites with Ailes to set up a rival broadcasting platform to poach rabid right-wing viewers away from Fox, either on cable TV or the internet.

21st Century Fox was spun out of News Corp in 2013, a split that transferred the more modern and profitable entertainment assets into a new entity. Its assets include the 20th Century Fox film studio, the Fox television network, Asian pay channel operator STAR TV and a stake in European pay TV company Sky.

Rupert has always wanted to his sons to assume the throne of the family empire, much to the chagrin of rival internal executives hoping they could one day take over from the media mogul.

Under the leadership of James and Lachlan, the business seems destined to chart a different course that is less politically conservative and even more global.”

Read more: http://www.afr.com/news/world/north-america/rupert-murdoch-cedes-power-to-sons-on-bill-oreilly-sacking-20170419-gvo7hx#ixzz4eoVeqDc8
Follow us: @FinancialReview on Twitter | financialreview on Facebook