New York Magazine reports:
With only six days remaining in Bill O’Reilly’s vacation, the pressure on the Murdoch family to decide the embattled commentator’s fate is intensifying. Three sources with knowledge of the discussions said that, while no final decision has been made, the Murdochs are leaning toward announcing that O’Reilly will not return to the air. Sons James and Lachlan have been arguing that O’Reilly needs to go, say these sources, though their father, Rupert, has resisted that outcome.
The prospect of dumping O’Reilly — once unimaginable — has gained steam this week due in part to street protests outside Fox News headquarters and advertiser boycotts on O’Reilly’s air. One network insider said Fox executives are alarmed by the severity of the ad-revenue decline. “It’s worse than Glenn Beck,” the insider said, referring to the advertiser revolt that helped derail Beck’s Fox News career in 2011.
According to the above-linked article, canning O’Reilly would likely help the Murdochs’ bid to purchase Sky News, which is currently under review by British regulators.