Bill O'Reilly is Officially Out at Fox News Channel

He pushed a populist, conservative-leaning point of view born from growing up on Long Island and was quick to shout down those who disagreed with him.

Media mogul Rupert Murdoch and his son Lachlan are co-executive chairmen of the company and son James is chief executive officer.

His ouster came after reports that five women had been paid millions of dollars to keep quiet about harassment allegations. O'Reilly could be totally innocent but when advertisers abandon ship, it's over.

Up to four million viewers watched "The O'Reilly Factor" each evening, making it the most-watched cable TV program in 2016 and generating $446 million in ad revenues for Fox between 2014 and past year, according to a study carried out by Kantar Media.

In a statement Wednesday, the channel confirmed that the TV adaptation is in early development for 2019.

With a profit center gone, 21st Century Fox stock fell nearly 1 percent Wednesday in heavy trading.

TheBlaze founder (and former Fox News host) weighed in on the sexual harassment allegations against O'Reilly, saying that the The O'Reilly Factor host was likely in his final 24 hours at Fox News.

The removal of conservative commentator Bill O'Reilly from his top-rated Fox News show over allegations of sexual harassment "is an important next step to clean up Fox News and make it a respectful and professional work environment", says the attorney representing Gretchen Carlson in her harassment case against Roger Ailes-the network's founding President who left the company a year ago in a scenario that mirrors O'Reilly's departure.

An internal memo was sent to Fox News Channel employees Wednesday, according to The Associated Press.

Others figure that O'Reilly's firing won't be a sticking point for most Fox viewers.

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Southland attorney Lisa Bloom, who represents three women accusing ex-Fox News commentator Bill O'Reilly of sexual harassment, said Wednesday O'Reilly's ouster is a victory for victims who were courageous enough to come forward.

At 7 p.m. EDT, Martha MacCullum remains in place.

"The O'Reilly Factor" generated $178 million in advertising revenue in 2015, according to Kantar Media. "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.

Fox News has chose to part ways with star cable news host Bill O'Reilly following allegations of sexual harassment, the company said.

O'Reilly is now on vacation and, barring a decision otherwise by the Murdochs, scheduled to return to his show on April 24.

O'Reilly's departure from Fox News marks a stunning end to a near ideal marriage. "I wish only the best for Fox News Channel". Fox's longtime CEO Roger Ailes resigned abruptly amid similar sexual harassment charges last July. Ailes has repeatedly denied any wrongdoing.

Vatican spokesman Greg Burke confirmed O'Reilly was in the VIP section for the pope's Wednesday appearance.

Following the report, dozens of advertisers pulled out of O'Reilly's show, and Fox finally came to the conclusion that it was time to move on, leaving the right-wing hack unemployed for the first time in decades. On Tuesday, the Wall Street Journal, a newspaper owned by the Murdochs, wrote that the company was preparing to cut ties with O'Reilly.

Walsh does not have a legal claim against O'Reilly due to the statute of limitations on harassment cases in NY and California, but she did report the matter to the human resources hotline of the company earlier this month.

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