In the aftermath of the sexual harassment scandal at Fox News, 21st Century Fox has made a settlement with a shareholder that is intended to overhaul the workplace culture at the network.
The agreement means the creation of a new oversight panel — the Fox News Workplace Professionalism and Inclusion Council — comprising two human resources executives at the company and four independent experts. The council will provide written reports to 21st Century Fox directors and, for transparency, publish those findings on the company’s website.
The settlement was reached with a 21st Century Fox shareholder and was more than a year in the making. It resolves a legal complaint filed by the City of Monroe Employees’ Retirement System and includes a $90 million payment to 21st Century Fox from third-party insurers.