Scandal causes more headaches for 21st Century Fox bid
October 24, 2017 01:24 PM
LONDON (AP) — Bill O'Reilly's sexual harassment scandal is causing more headaches for 21st Century Fox's 11.3 billion pound ($14.8 billion) bid to take full control of UK cable network Sky Plc.
Revelations that U.S.-based Fox News renewed O'Reilly's contract after he settled a sexual harassment lawsuit for $32 million came just a month after Britain's culture secretary asked competition regulators to review the takeover. Karen Bradley said one of the reasons for her decision was that Fox News' handling of a broader sexual harassment scandal raised concerns about corporate governance at Rupert Murdoch's 21st Century Fox.
Soon after The New York Times broke the story about O'Reilly's contract renewal, a senior member of Britain's opposition Labour Party said he planned to ask the regulator to reject the takeover.
Updated: October 24, 2017 01:24 PM
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