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Scandal causes more headaches for 21st Century Fox bid

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AP London
Last Updated : Oct 25 2017 | 12:33 AM IST
Bill O'Reilly's sexual harassment scandal is causing more headaches for 21st Century Fox's USD 14.8 billion bid to take full control of UK cable network Sky Plc.
Revelations that US-based Fox News renewed O'Reilly's contract after he settled a sexual harassment lawsuit for $32 million came just a month after Britain's culture secretary asked competition regulators to review the takeover.
Karen Bradley said one of the reasons for her decision was that Fox News' handling of a broader sexual harassment scandal raised concerns about corporate governance at Rupert Murdoch's 21st Century Fox.
Soon after The New York Times broke the story about O'Reilly's contract renewal, a senior member of Britain's opposition Labour Party said he planned to ask the regulator to reject the takeover.

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First Published: Oct 25 2017 | 12:33 AM IST

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