And yet, the network - the financial engine of its parent, 21st Century Fox - continues to find itself enmeshed in troubling disclosures of behind-the-scenes behavior that could have larger ramifications. Ailes has denied all charges, but a number of settlements 21st Century Fox and Fox News have made in connection with that matter and other instances of inappropriate behavior at the unit have surfaced intermittently for weeks. 21st Century Fox also said at the time that it “will continue to cooperate on all inquiries with any interested authorities.”Since Ailes’ departure, a number of settlements with former Fox News employees have been disclosed. Rupert Murdoch, executive chairman of Fox News Channel and 21st Century Fox, told The Wall Street Journal he’d like the anchor to remain with the network. The Fox News Channel unit generates approximately 20% of the operating profit of 21st Century Fox, and any reversal of viewership trends would directly affect the company’s bottom line.

Source: Huffington Post April 01, 2017 18:09 UTC