'The Five': Meet the Hosts of Fox News' 9 p.m. Show

Fox News host Bill O'Reilly, ousted from the network in the wake of a sexual-harassment scandal, said in a statement on Wednesday it was "disheartening" that "completely unfounded claims" had forced him out of his job.

21st Century Fox stock dropped following the announcement of O'Reilly's departure from Fox News, closing at $30.39 a share, down 0.88 percent for the day. As a result, advertisers moved their spots out of his program, "The O'Reilly Factor", which has the highest ratings in cable news.

Yet in the hour after the network issued a statement confirming the end of O'Reilly's 21-year run, Fox News made no on-air mention of the prime-time shake-up.

In case you haven't been keeping up with the news on Fox News, the network has been getting a lot of bad publicity over sexual harassment allegations since a number of female Fox employees accused the network's former CEO Roger Ailes of misconduct.

NY magazine reported Wednesday, based on unnamed sources, that Rupert Murdoch and sons James and Lachlan, who run Fox parent 21st Century Fox, had decided that O'Reilly was out and executives were planning the exit.

Dozens of advertisers ditched "The O'Reilly Factor" after a New York Times report detailed $13 million in payouts to five women over his alleged abusive behavior; more allegations subsequently emerged.

Fox News' parent company 21st Century Fox said on Wednesday: "After a thorough and careful review of the allegations, the Company and Bill O'Reilly have agreed that Bill O'Reilly will not be returning to the Fox News Channel".

Here's Why Oil Prices Dipped to almost $50 Today
In parallel, imports declined by 68,000 barrels a day last week to 7.8m barrels, while domestic oil output rose slightly. USA crude inventories were at 532.3 million barrels, only about 3 million barrels less than the record reached in March.

As we reported last week, an independent analysis by the ad-tracking firm iSpot.tv showed O'Reilly's program had lost about half its advertisers in a span of several weeks due to the allegations.

"I will always look back on my time at Fox with great pride in the unprecedented success we achieved and with my deepest gratitude to all my dedicated viewers".

O'Reilly had worked for Fox News since its 1996 launch, and the end of his career there came the same day the official Vatican newspaper, L'Osservatore Romano, photographed him shaking hands with Pope Francis in St. Peter's Square.

How did the allegations affect "The O'Reilly Factor"? Bustle has reached out to Fox News for comment. Women protested outside Fox News headquarters. The company is making "a pretty big statement" to that effect by dropping O'Reilly, said Hall, the American University professor.

O'Reilly's fans aren't likely to be happy about him losing his job, particularly on a controversy set in motion by the Times. "Certainly they make things better for America".

"In my more than 20 years at Fox News Channel, no one has ever filed a complaint about me with the Human Resources Department, even on the anonymous hotline", he added.

There was no immediate response from Bill O'Reilly's bosses Wednesday to escalating reports that the Fox News Channel personality will lose his job following accusations he had harassed women.

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