{STREETZ MORNING TAKEOVER} BILL O’REILLY SEXUAL ASSULT CHARGES

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FIND OUT WHAT COMPANIES ARE PULLING THIER ADS FROM FOX

The major network Fox News is finding itself under major fire as big advertisers are now pulling their ads from the network’s popular “O’Reilly Factor” show, following a series of sexual harassment claims against host Bill O’Reilly.

The Times reported that the five women have received settlement payments totaling $13 million from either Fox or O’Reilly himself.  O’Reilly released a statement this weekend saying

“Just like other prominent and controversial people, I’m vulnerable to lawsuits from individuals who want me to pay them to avoid negative publicity,”

He also pointed out that during his two decade-long tenure no one had filed a complaint about him with the Human Resources Department.

Advertisers are starting to release statements. Hyundai citied the “recent and disturbing allegations” and it will remove its upcoming advertising on O’Reilly’s show,.”

Allstate Insurance Company spokesman Justin Herndon also released a statement yesterday saying “Inclusivity and support for women are important Allstate values. We are concerned about the issues surrounding the program and we have suspended our advertising”

so far at least 16 advertisers have so far withdrawn their slots such as:

BMW, Mercedes-Benz, Lexus, Hyundai, and Mitsubishi, pharmaceutical makers GlaxoSmithKline and Bayer, Sanofi Consumer Care, insurer Allstate, asset management firm T. Rowe Price, and personal finance company Credit Karma. Orkin, a pest control company; Untuckit, a men’s clothing line; Ancestry.com, a family history service; Constant Contact, an email marketer; and Ainsworth Pet Nutrition, the parent company of the Rachel Ray-endorsed dog food brand Nutrish, also announced they were pulling ads.

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