Original article by John Kehoe
The Australian Financial Review – Page: 12 : 21-Jul-16
21st Century Fox has downplayed media reports in the US which have suggested that Fox News chairman and CEO Roger Ailes is poised to step down. Ailes has been accused of sexually harassing a former Fox News employee. Fox News has become the highest-rating and most profitable news channel since it was launched in 1996, and contributes more than $US1bn in free cash flow to 21st Century Fox each year. Media experts believe that Ailes’ departure would have a big impact on 21st Century Fox, with some saying that there is no obvious successor.
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21ST CENTURY FOX INCORPORATED, FOX NEWS, NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, AUSTRALIAN LABOR PARTY, BTIG LLC, CHARTER COMMUNICATIONS, 20TH CENTURY FOX INCORPORATED, STAR TV, SKY PLC