Bill O’Reilly’s popular nightly show is in serious jeopardy. The New York Times has uncovered court documents that prove Fox paid out a total of 13 million to 5 different women to settle sexual harassment lawsuits against Bill O’Reilly out of court. After the news broke, 32 advertisers withdrew from O’Reilly’s show. The list of companies included BMW, Mercedes Benz, Hyundai, and Subaru. Personal finance site Credit Karma, drugmakers Sanofi and GlaxoSmithKline, pet food company Ainsworth, men’s shirt seller Untuckit, and online marketing firm Constant Contact.
Within the blink of an eye, The O’Reilly Factor went from being cable TV’s most popular show to the most dangerous show to cable TV companies. The show is bleeding advertisers which won’t make Fox executives happy. Several activist groups are demanding Fox fire O’Reilly. Many in the media are questioning what Fox news will do about their latest sexual harassment scandal.
Donald Trump Still Supports
Donald Trump supported O’Reilly in a recent New York Times interview:
“I think he’s a person I know well — he is a good person. I think he shouldn’t have settled; personally, I think he shouldn’t have settled. Because you should have taken it all the way. I don’t think Bill did anything wrong.” – Donald Trump
It will be interesting to see how this one plays out. The O’Reilly factor is the most popular show on cable television. It pulls in millions in advertising revenue for Fox News. Fox resigned O’Reilly recently while knowing these lawsuits existed. Will the fact that they are now in the public spotlight change their decision?
What do you think?
Source: 24/7 Wallstreet