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20 April 2017, 09:23 | Todd Saunders
In the first quarter of this year, the network averaged 2.7 million viewers between 7 p.m. and 11 p.m. ET, double the viewership of second-place MSNBC.
By that time, the news had already generated considerable coverage on Fox's primary cable news competitors, CNN and MSNBC.
Bill O'Reilly has blamed his sacking from Fox News on "completely unfounded claims" that have been levelled against him. Shares of Twenty-First Century Fox were down less than 1 percent at $30.50 in Wednesday afternoon trading.
Glenn Beck has weighed in on the controversy surrounding Bill O'Reilly, declaring that the Fox News Channel is likely in its last days.
Those same sources say that James Murdoch, the chief executive officer of 21st Century Fox, has been eager to get rid of O'Reilly in order to protect the company's reputation, and that Lachlan Murdoch, also an executive chairman of the company, has come around to his side. Eastern to the O'Reilly slot at 8 p.m.
In a one-sentence statement, the network's parent company, 21st Century Fox, on Wednesday confirmed a report by NY magazine that O'Reilly is finished at Fox News.
"It is the end of an era here at the Fox News Channel", she said.
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Another group that worked on the campaign to pressure advertisers, Media Matters, called on Fox News to also fire Bill Shine, co-president of the network. Bill has been the undisputed king of cable news, and for good reason. He is an incredibly talented broadcaster who raised the bar for interviewers everywhere.
O'Reilly and United States president Donald Trump were both "crowd-pleasing showmen who know how to signal to loyalists in their audience that they are not taking themselves quite as seriously as their detractors are", said news consultant Andrew Tyndall. He thanked his viewers and noted the success Fox had achieved.
The network initially stuck with O'Reilly after an April 1 New York Times report revealed he had paid $13 million in settlements to five women who had accused him of sexual harassment or other inappropriate behavior since 2002. "That's bigger than O'Reilly", he said.
This particular show consistently got Fox News its best ratings, drawing nearly 4 million viewers a night and generating more than $446 million in advertising revenue between 2014 and 2016, according to Kantar Media.
And, more than that, about 21st Century Fox's $14 billion bid for the British satellite service Sky TV, which depends on the British government finding the corporation to be a "fit" steward.
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.
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