I'll do it live.
Colbert quoted from 21 Century Fox's press statement about O'Reilly, and added his own editorial: "Fox released a statement that said in part, 'By ratings standards, Bill O'Reilly is one of the most accomplished TV personalities in the history of cable news.' By moral standards, he was a self-righteous landfill of angry garbage". There are many offices these days where pulling a Clinton, Trump or O'Reilly will get you summarily canned. The ouster of Ailes due to sexual harassment allegations last summer may have been disturbing, but meant little to viewers because it was off the air.
"The Five" will be replaced at 5 p.m. EDT by a one-hour program hosted by Eric Bolling, to debut May 1.
And Fox News is unlikely to suffer.
Even with O'Reilly gone from Fox, Sesno said he doubts that the public appetite for his brand of "angry, high-decibel" chatter will give way to a new regard for civility. "The O'Reilly Factor" was quickly renamed "The Factor" and Fox News announced his time slot will be filled by Tucker Carlson. He pushed a populist, conservative-leaning point of view, and was quick to shout down those who disagreed with him. Fox's 8 p.m. show was instantly re-named The Factor-no more "O'Reilly" there.
Don't worry about Fox.
The network's parent company, entertainment giant 21st Century Fox, insisted that Fox News will weather the current storm, noting in a statement the "strength of its talent bench" and expressing "full confidence that the network will continue to be a powerhouse in cable news".
So would Fox trade Bill for Chris?
As you surely know, after it was revealed that The O'Reilly Factor host and Fox News shelled out almost $13 million to keep Bill's sexual harassing ways quiet, the network made a decision to let the 67-year-old go.
With its biggest star departing in another blowup over sexual harassment, Fox News faces some big challenges.
Another former Fox contributor, Kirsten Powers, described on CNN an on-air segment with O'Reilly she found offensive because of the way the host talked about all the "blondes" who worked there.
This was to rebut the claim of the host that no complaint was made against him. "The men there and Roger Ailes, this was a way of life for them", Waters said on CNN's "Anderson Cooper 360".
Seeing O'Reilly lose his job because of actions against women felt very cathartic, she said.
O'Reilly's lawyers said he was the victim of an orchestrated campaign by liberal organizations like Media Matters for America, which contacted his advertisers to pressure them to leave the show.