Fox News has parted ways with its news boss Roger Ailes after accusations emerged he sexually harassed female employees although he maintains his innocence.
Mr Ailes has been with Fox News since its emergence in 1996 and is credited with making the station a ratings leader and an influential force in the Republican Party.
21st Century Fox, under whose stable Fox News is, announced Mr Ailes’ resignation, although it failed to mention the sexual harassment allegations made by a few of its female presenters.
"We continue our commitment to maintaining a work environment based on trust and respect," Fox executives Lachlan Murdoch and James Murdoch said in the statement. "We take seriously our responsibility to uphold these traditional, long-standing values of our company."
Executive chairman Rupert Murdoch also acknowledged Mr Ailes’ "remarkable contribution" to Fox News.
According to Paul Levinson, communications professor at Fordham University: "Rupert Murdoch is a conservative, but the Republican intensity, the conservative passion including the viciousness toward the Democrats that we now see against Hillary Clinton and has been going on against Obama all these years, all that is Roger Ailes.''
Less than two weeks ago former presenter Gretchen Carlson sued Mr Ailes for sexual harassment and wrongful termination, claims he denies.