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Stock gains ground for parent of Fox News after O'Reilly firing

A view of the News Corp. and Fox News headquarters in Midtown Manhattan in New York City. [Getty Images]
A view of the News Corp. and Fox News headquarters in Midtown Manhattan in New York City. [Getty Images]
Published Apr. 20, 2017

Shares of Fox News' parent company, 21st Century Fox, are gaining ground following the firing of longtime and top-rated segment host Bill O'Reilly.

Shares were up 63 cents, or 2.1 percent, to $30.44 in Thursday afternoon trading. The stock fell 1 percent to close at $29.81 on Wednesday. It is still down more than 4 percent since an April 1 report in the New York Times that five women had been paid a total of $13 million to keep quiet about disturbing encounters with O'Reilly.

O'Reilly was fired Wednesday amid a string of sexual harassment allegations. His show, The O'Reilly Factor, gained some of the highest ratings in cable news and was a key advertising revenue generator for Fox.

21st Century Fox's other holdings include 20th Century Fox, Fox Searchlight Pictures, FX Networks and National Geographic Channel.

RELATED: O'Reilly put Fox News on the map; what's next for him?

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