Bill O’Reilly is out at Fox News. This is excellent.
I’m going to brag about WHY he is out at Fox News. Not that he is out, but why. Because there is a significant point I want to make.
O’Reilly didn’t get pushed out because he is a serial sexual harasser, or because he called for the killing of Dr. Tiller. He wasn’t pushed out because he cost Fox News millions in lawsuits (he generated more in revenue than the lawsuits.)
He was pushed out because he didn’t generate *enough* revenue — this quarter. That, combined with advertisers not wanting to link their brand with his, is what got him pushed out.
Also, new management, the Gretchen Carlson lawsuit and additional pending lawsuits, all had an impact.
When I wrote this last week I ended with the line “What to do next about O’Reilly.” Hint- Institutional investors
As we can see the answer was: Get rid of Bill O’Reilly.
The ratings for a show can be huge, but if they aren’t making money, something needs to change. I looked at what the interested third parties (institutional investors) wanted, and what they didn’t want, and I appealed to them. . . . → Read More: Why Bill O’Reilly is out at Fox News