Following the firing of longtime and top-rated segment host Bill O’Reilly, shares of Fox News’ parent company, 21st Century Fox, held steady in morning trading Thursday.
Shortly after the market opened, shares were up 16 cents to $30.54. On Wednesday, the stock fell 1 percent to close at $29.81.
Amid a string of sexual harassment allegations, O’Reilly was fired Wednesday. His show, “The O’Reilly Factor”, gained some of the highest ratings in cable news. It was a key advertising revenue generator for Fox.
21st Century Fox’s other holdings include 20th Century Fox, Fox Searchlight Pictures, FX Networks, and National Geographic Channel.
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