Bill O'Reilly receives contract renewal despite sexual harassment allegations

Mercedes-Benz pulls ads from Fox News' Bill O'Reilly show

"We value our partners and are working with them to address their current concerns about "The O'Reilly Factor".

The abrupt reaction, which also includes several additional advertisers from various industries, has occurred over several days after the New York Times reported Fox and show host Bill O'Reilly paid five women to settle claims he sexually harassed them.

"Hyundai now has no advertising running on The O'Reilly Factor", a company spokesperson said in a statement.

A representative for Hyundai clarified to CNN that it does not now advertise on O'Reilly's program, but that as a result of the "recent and disturbing allegations", it has reversed its decision to run upcoming commercials.

Shares of Fox News parent Twenty-First Century Fox Inc fell 1.2 percent to $31.75 on Tuesday.

21st Century Fox launched an internal investigation, which turned up at least a dozen women, some of whom have strikingly similar stories. Walsh and O'Reilly had dinner in Los Angeles in 2013, but when Walsh refused his invitation to go to his hotel room, his attitude changed and she was soon dropped from the show, according to Walsh. We will continue to monitor the situation and will take any appropriate action through our media buying partners.

O'Reilly, who has been the top-rated host in cable news for 15 consecutive years, was the subject of a front-page New York Times article this weekend that detailed sexual harassment claims by five women that resulted in $13 million in payouts from the network and O'Reilly.

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O'Reilly issued a statement on his website, saying, "Just like other prominent and controversial people, I am vulnerable to lawsuits from individuals who want me to pay them to avoid negative publicity". But Fox News has deep pockets and as long as it is in their economic interests to keep O'Reilly around, they'll keep pouring money into defending him. O'Reilly and guests dug into the latest information about Rice and parsed her recent statements on the matter, including the interview she gave to MSNBC's Andrea Mitchell on Tuesday.

A few seemed to be walking a tightrope on whether or not to redirect their advertising dollars - O'Reilly's show is one of the most viewed on cable television.

O'Reilly's nightly news show has consistently been Fox News's biggest ratings driver, pulling in nearly 4 million viewers a night.

"The O'Reilly Factor" still airs weekdays on Fox News.

He said that the "worst part" of his job was "being a target for those who would harm me and my employer", and his "primary efforts will continue to be to put forth an honest TV program and to protect those close to me". Those of us in the arena are constantly at risk, as are our families and children.

Roginsky and Walsh's allegations come less than nine months after Ailes was ousted from the network over a sexual harassment scandal.

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