Parent company 21st Century Fox said on Wednesday: "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".
Fox News Channel announced Wednesday that host Bill O'Reilly will not be returning to the network.
O'Reilly said in an April 1 statement that he had been unfairly targeted because of his public prominence. For Fox executives, it wasn't clear when it would end: a campaign to target advertisers was continuing, a group of women demonstrated in front of Fox's headquarters Tuesday and another woman, a former clerical worker at Fox, called a harassment hotline and accusing the host of boorish behavior.
"By ratings standards, Bill O'Reilly is one of the most accomplished TV personalities in the history of cable news", the memo 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". O'Reilly had a brief handshake with Pope Francis.
The downfall of Fox's most popular - and most lucrative - personality began with an April 1 report in The New York Times that five women had been paid a total of $13 million to keep quiet about disturbing encounters with O'Reilly, who continued to deny any wrongdoing in a statement hours after he was sacked.
Marcha en Venezuela deja dos muertos por impactos de bala
Las manifestaciones en Venezuela tienen sus primeros brotes de violencia; un joven universitario de nombre Carlos Moreno murió tras recibir un disparo en la cabeza, según fuentes de Reuters.
O'Reilly may have agreed, but he clearly wasn't happy about it.
"The fact that advertisers began to take themselves out of the program and made statements that they did not want to be associated with allegations of sex harassment and supported women in the workplace was a significant moment", she said.
A staunch supporter of President Donald Trump, O'Reilly has been an anchor at Fox News since he started at the network in 1996.
Twenty-First Century Fox's last fiscal year, which ended June 30, 2016, brought in a total of $7.65 billion in advertising revenue.
O'Reilly's downfall comes less than a year after the exit of Fox News founder and CEO, Roger Ailes, after it emerged he too was the subject of a series of sexual harassment lawsuits.
O'Reilly has denied the merits of other accusations of sexual harassment and inappropriate conduct. For that reason, some female employees were uncomfortable with O'Reilly staying on, and pressure escalated once the company asked a law firm to examine the allegations.
Canciller expondrá avances de la Misión de la ONU en Nueva York
La realidad es que los paramilitares no son estimulados por el gobierno de Venezuela, sino por quienes dentro y fuera del país tratan de sembrar la violencia, precisó.
Scores of companies yanked advertising from his show, the most popular in USA cable news watched on average by 3.98 million viewers in early 2017, according to Adweek. Shares of Twenty-First Century Fox were down less than 1 percent at $30.50 in Wednesday afternoon trading.
Fox News media analyst Howard Kurtz then recounted the day's news and said that some women at the company had felt uncomfortable with O'Reilly's continued presence.
The statement announcing O'Reilly's departure was signed by Rupert, Lachlan, and James Murdoch.
"They could literally go dark during the time his program airs and they would still be profitable", Mr Wieser said.
A bigger issue for investors is what the Murdochs will do to prevent the company being in the headlines again just a few months from now, Wieser said.
Here's What Trump's 'Buy American, Hire American' Order Means
Critics of the visa program say it allows employers to hire foreign employees at cheaper wages, undercutting American workers. But his new executive order only overhauls the much discussed H-1B visa program, targeting high-skilled foreign labor.