Scandal causes more headaches for 21st Century Fox bid | KOB 4

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.


Copyright 2017 The Associated Press. All rights reserved.


Relay Media Amp



Fire near school leads to evacuations in Bloomfield

Democrats, GOP try to dodge blame for shuttered government

Source: Everybody 'Kumbaya' about refreshed APD-DOJ relationship

New Mexico to share in federal broadband dollars

No snow needed as ice climbers flock to Ouray this weekend