Bill O'Reilly has for years been Fox's most valuable on-air talent.
Despite the inglorious end to Bill O'Reilly's two-decade Fox News Channel career, observers say his deep imprint on Fox and other cable news outlets and his influence on barbed political discourse are intact for the foreseeable future.
It is the big question on the minds of many in the television industry: Can Fox News successfully fill the newly vacated primetime slot long dominated by Bill O'Reilly?
Bill O'Reilly, of the Fox News Channel program "The O'Reilly Factor", was the face of the network since its launch in 1996 and the most-watched cable news host 15 years in a row. O'Reilly announced his current vacation on air and said he'd return April 24.
The news of Mr O'Reilly's departure comes as the veteran TV host published his latest book, Old School, which topped the New York Times bestseller list this week.
How do you feel about what's happening at Fox News?
Viewers of Fox News are taking to social media to express outrage over the announced ouster of their most popular host.
On Tuesday, 21st Century Fox received an anonymous complaint against O'Reilly from a black female employee who claimed that the anchor had "leered" at her and referred to her as "Hot Chocolate" in 2008. Shares in Twenty-First Century Fox were down less than 1 per cent at $30.50 in Wednesday afternoon trading.
"This decision follows an extensive review done in collaboration with outside counsel", the memo said.
Kelly exited Fox News for a position with NBC News.
The repercussions of O'Reilly's departure had been discussed during the previous hour, during which the hosts of "The Five" talked about the programming changes made in the wake of O'Reilly's departure - all without mentioning O'Reilly's name.
"I understand how hard this has been for many of you".
"Credit to James and Lachlan for doing the right thing here", said DiClemente, who noted that dealing with the O'Reilly controversy "in the right way" could be helpful for the Sky review.
"Lastly, and most importantly, we want to underscore our consistent commitment to fostering a work environment built on the values of trust and respect". Other analysts said the show brought in $325 million in ad revenue during 2015-2016, making it the top revenue producer of any show on Fox News, CNN or MSNBC.