Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O�Reilly.The settlement, which requires a judge�s approval, resolves what are known as �derivative� claims against Fox officers and directors, including: Rupert Murdoch and his son Lachlan, who are Fox�s executive chairmen; James Murdoch, another son and its chief executive, and Ailes� estate.
The defendants did not admit wrongdoing in agreeing to the settlement filed with the Delaware Chancery Court.
Monday�s settlement calls for insurers of Fox officers, Fox directors and Ailes� estate to pay the $90 million to the New York-based company for the benefit of shareholders.
Fox will enhance governance and said it created the Fox News Workplace Professionalism and Inclusion Council to ensure a proper workplace environment, bolster training and further the recruitment and advancement of women and minorities.
Keep in mind that this follows the reporting that Bill O'Reilly also paid out 32 million to settle lawsuits over charges of sexual harassment.
Damn, being a pig in the 21st century is expensive!
It would be awesome if all of this female empowerment resulted in Fox News evolving into an actual news outlet and not a barely journalistic version of the Playboy Club.
However if I were a woman looking to break into journalism I would still skip sending my application to Fox.
To be honest, I would give that same advice to a man.
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