The announcement that O'Reilly was being ousted from the network arrived in a statement from 21st Century Fox, "After a thorough and careful review of the allegations, the company and Bill O'Reilly have agreed that Bill O'Reilly will not be returning to the Fox News Channel". O'Reilly's ratings overshadow Carlson's, and his show's viewership fell this week while he was on vacation and other Fox hosts subbed in.
Up to four million viewers watched "The O'Reilly Factor" each evening, making it the most-watched cable TV program in 2016 and generating $446 million in ad revenues for Fox between 2014 and a year ago, according to a study carried out by Kantar Media.
O'Reilly released a statement, calling it "tremendously disheartening that we part ways due to completely unfounded claims". "But that is the unfortunate reality many of us in the public eye must live with today".
In a statement posted on his Web site, O'Reilly said he was "extremely proud" of his time at Fox News, which he said "significantly contributed to building Fox into the dominant news network in television".
NY magazine's Gabriel Sherman reported Wednesday morning that in negotiating his exit, O'Reilly asked for an opportunity to bid farewell to his loyal audience and that network executives were leaning toward granting his request.
Southland attorney Lisa Bloom, who represents three women accusing ex-Fox News commentator Bill O'Reilly of sexual harassment, said Wednesday O'Reilly's ouster is a victory for victims who were fearless enough to come forward.
In an internal memo obtained by Business Insider, News Corp.
His trip came as Fox News Channel's parent company 21st Century Fox is investigating sexual harassment allegations against him.More news: Swift Transportation Co (SWFT) Upgraded at Longbow Research
Tucker Carlson will take over O'Reilly's 8 p.m.
The departed O'Reilly's "The Factor" will continue through this week with Dana Perino hosting Wednesday and Thursday night, and Greg Gutfield on Friday.
Bill O'Reilly in September 2004. "The O'Reilly Factor" has generated a huge ad bonanza for Fox, one that yielded more than $178 million in 2015. Shares in Twenty-First Century Fox were down less than 1 per cent at $30.50 in Wednesday afternoon trading.
"That's bigger than O'Reilly", he said. "You can't underestimate the influence and the profits that he brought into Fox News for all these years and that's why they hesitated so long in doing the right thing".
One look at the O'Reilly controversy shows how it's clear that no one, including a massive news network, wants to be associated with an individual accused of sexual misconduct, even if he is steadfast in his denial. In the past four months, according to the New York Times, Carlson has replaced three mega-personalities at Fox News.
The U.S. Attorney's office in NY is investigating how 21st Century Fox handled the Roger Ailes scandal.
The National Geographic channel says it has made no decision about its development of Bill O'Reilly's book "Killing Patton" following O'Reilly's exit from Fox News.