21st Century stock rises after O'Reilly firing


In recent weeks, The New York Times revealed that O'Reilly and the network had reached settlements with five women who had complained against him, with compensation totaling nearly $13 million.

Shares were up 63 cents, or 2.1 percent, to $30.44 in Thursday afternoon trading. The stock fell 1 percent to close at $29.81 on Wednesday. "He's been the linchpin" of the lineup, said Jane Hall, an American University professor and former Fox contributor, who noted that it will take a while to see whether his loyal audience sticks with O'Reilly's replacement.

The network's parent company, entertainment giant 21st Century Fox, insisted that Fox News will weather the current storm, noting in a statement the "strength of its talent bench" and expressing "full confidence that the network will continue to be a powerhouse in cable news".

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.

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Critics of the conservative commentator cheered the decision. "Killing Patton" was No. 687, an impressive ranking for a hardcover book that came out in 2014.

O'Reilly has another "Killing" book scheduled for September, although the subject hasn't been announced. I have been extremely proud to launch and lead one of the most successful news programs in history, which has consistently informed and entertained millions of Americans and significantly contributed to building Fox into the dominant news network in television. Henry Holt and Company has said it has no changes planned in its publication schedule for O'Reilly. Over 50 advertisers boycotted "The O'Reilly Factor" over revelations O'Reilly and Fox paid $13 million to settle lawsuits by five women who accuse O'Reilly of sexual harassment and inappropriate sexual behavior.

Attorney Lisa Bloom was also present on the set and said that Burgess was not seeking money from O'Reilly.

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Burgess was a an office worker for another broadcaster at the network in 2008, when, within her first week, she started noticing that O'Reilly would make a grunting noise as he passed her desk.

Margaret Hoover, who was once a regular contributor on "The O'Reilly Factor" and is now a CNN political analyst, said Thursday on CNN that she sometimes felt like a "blonde backdrop for O'Reilly's opinions" on the show.

As feminist author Sady Doyle tartly tweeted: "May we all see our workplace harassers fired after 15 to 20 straight years of repeated and often almost identical allegations".

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