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A Start-Up Slump Is a Drag on the Economy, business times.#Business #times


A Start-Up Slump Is a Drag on the Economy. Big Business May Be to Blame.

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Unemployment has fallen, and the stock market has soared. So why has the economic expansion since the recession been so tame, with sluggish productivity and, at least until recently, anemic wage growth?

Economists say the answer, to some degree, can be found in a start-up slump — a decline in the creation of new businesses — and a growing understanding of what’s behind it.

A total of 414,000 businesses were formed in 2015, the latest year surveyed, the Census Bureau reported Wednesday. It was a slight increase from the previous year, but well below the 558,000 companies given birth in 2006, the year before the recession set in.

“We’re still in a start-up funk,” said Robert Litan, an economist and antitrust lawyer who has studied the issue. “Obviously the recession had a lot to do with it, but then you’re left with the conundrum: Why hasn’t there been any recovery?”

Many economists say the answer could lie in the rising power of the biggest corporations, which they argue is stifling entrepreneurship by making it easier for incumbent businesses to swat away challengers — or else to swallow them before they become a serious threat.

“You’ve got rising market power,” said Marshall Steinbaum, an economist at the Roosevelt Institute, a liberal think tank. “In general, that makes it hard for new businesses to compete with incumbents. Market power is the story that explains everything.”

That argument comes at a potent political moment. Populists on both the left and right have responded to growing public unease about the corporate giants that increasingly dominate their online and offline lives. Polling data from Gallup and other organizations shows a long-running decline in confidence in banks and other big businesses — a concern not likely to abate after high-profile data breaches at Equifax and other companies.

The start-up slump has far-reaching implications. Small businesses in general are often cited as an exemplar of economic dynamism. But it is start-ups — and particularly the small subset of companies that grow quickly — that are key drivers of job creation and innovation, and have historically been a ladder into the middle class for less-educated workers and immigrants.

Perhaps most significant, start-ups play a critical role in making the economy as a whole more productive, as they invent new products and approaches, forcing existing businesses to compete or fall by the wayside.

“Across the decades, young companies are really the heavy hitters and the consistent hitters in terms of job creation,” said Arnobio Morelix, an economist at the Kauffman Foundation, a nonprofit in Kansas City, Mo., that studies and promotes entrepreneurship.

The start-up decline might defy expectations in the age of Uber and “Shark Tank.” But however counterintuitive, the trend is backed by multiple data sources and numerous economic studies.

Business times

In 1980, according to the Census Bureau data, roughly one in eight companies had been founded in the past year; by 2015, that ratio had fallen to fewer than one in 12. The downward trend cuts across regions and industries and, at least since 2000, includes even the beating heart of American entrepreneurship, high tech.

Although the overall slump dates back more than 30 years, economists are most concerned about a more recent trend. In the 1980s and 1990s, the entrepreneurial slowdown was concentrated in sectors such as retail, where corner stores and regional brands were being subsumed by national chains. That trend, though often painful for local communities, wasn’t necessarily a drag on productivity more generally.

Since about 2000, however, the slowdown has spread to parts of the economy more often associated with high-growth entrepreneurship, including the technology sector. That decline has coincided with a period of weak productivity growth in the United States as a whole, a trend that has in turn been implicated in the patterns of fitful wage gains and sluggish economic growth since the recession. Recent research has suggested that the decline in entrepreneurship, and in other measures of business dynamism, is one cause of the prolonged stagnation in productivity.


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Latest Breaking News, Business, Technology, Political & Sport News, IBTimes UK, IBT, business times.#Business

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    Putin ‘insulted’ by US election meddling allegations, claims Donald Trump

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    TripAdvisor warning badges won’t protect anyone, says woman whose rape post was deleted

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    Priti Patel’s resignation: Will Israel-UK relations ever be the same again?

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    America’s opioid crisis: How the strength of prescription drugs created a public health emergency

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    Sexual harassment survey: British, French and Finnish women in Europe have lowest tolerance

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    US Marine Corps drill instructor gets 10-year sentence for harassing Muslim recruits

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    Panicked shoppers flee Westfield Stratford centre amid reports of ‘small fire’

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    Texas gunman’s ex-wife recalls how he put a gun to her head and asked, ‘Do you want to die’

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    Has Saudi Arabia declared ‘war’ against Lebanon?

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    Rebel Wilson sexually harassed by ‘male star in a position of power’

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    Manchester shopkeeper gets jail for raping woman who came to his shop to charge phone

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    Richard Dreyfuss denies exposing himself, but admits inappropriate conduct

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    3-year-old girl shoots and kills 1-year-old sister after gun is left in bed

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    Star Trek icon George Takei accused of sexually assaulting young male model

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    Coutinho has agreement to join Barcelona ahead of renewed January pursuit

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    Roger Federer and Rafael Nadal discuss fitness concerns ahead of ATP World Tour Finals

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    Tottenham monitoring West Ham star Manuel Lanzini after David Moyes arrival

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    First woman to thank lesbian partner in Oscar-winning speech dies aged 60

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    Donald Trump Jr mocked for poor form in weightlifting video – ‘I’m withdrawing my support’

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    Shyla Stylez dead: Hall of Fame porn star dies aged just 35

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    Voters in this 51,000-population suburb of Seattle appear to have settled a bitter yearlong fight about immigration in the most dramatic way possible: By electing the first two Latinos ever to serve on the City Council.

    • Trump taunts Kim: I would NEVER call him short and fat Updated 6:05 pm
    • Jenny Durkan topped Cary Moon in most Seattle precincts
    • Seattle-based Alaska crab fleet alerted to new hazard: They’re carrying heavier pots
    • Groundbreaking option in Washington state could let dementia patients refuse spoon-feeding
    • Trump calls Putin sincere, ex-US intelligence heads hacks VIEW Updated 5:23 pm
    • Boeing to cut management layers in streamlining of supply chain
    • Here s what went wrong in Washington s 30-22 loss at Stanford

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    A Nisei garden of memories in SeaTac, and a soldier’s blood spilled in WWII

    Every Thursday morning, an elderly couple spends a few hours weeding and tidying up the Seike Japanese Garden in SeaTac. It means a lot to Hal Seike, 90, the last surviving of three brothers. The garden is dedicated to his brother, Toll, a Nisei killed at age 21 in World War II. WATCH Updated 5:03 pm

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    Huskies’ playoff dreams die on The Farm in 30-22 loss to Stanford

    The Huskies saw their already tenuous hopes of getting back into the College Football Playoff expire definitively and unambiguously in a 30-22 loss to Stanford.

    Business times

    A Washington county that went for Trump is shaken as immigrant neighbors start disappearing

    Many in Pacific County thought President Trump would take away “drug dealers, criminals, rapists” with his immigration crackdown. They were shocked to see who started to go missing. VIEW


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    SAP SF EC Certification Questions and Online Practice Exam, ERPPrep, sf business times.#Sf #business

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    CIF San Francisco Section, sf business times.#Sf #business #times


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    Select this link to order DVDs of the games and highlights posted. Just pick the sport and year.

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    In an epic girls varsity volleyball final, Lowell battled back from a two set to one deficit to knock off previously undefeated and number one seed Lincoln 3-2 at historic Kezar Pavilion November 9. The victory earned the Cardinals their 32nd overall SF Section title. Both schools now advance to the CIF NorCal Tournament beginning November 15. Check back November 13 for first round pairings. In the junior varsity final, Lowell took down Balboa 2-0 to complete an undefeated season and give the Cardinals their ninth straight championship and 22nd overall.

    The AAA/SF Section Girls Tennis team final took place November 3 with Lowell downing Washington 6-1 at Golden Gate Park TC. The victory earned the Lady Cardinals their 20th straight section crown and 35th overall title. Lowell now moves on to the CIF NorCal Tournament beginning November 14 at 2:30pm when they will host the Oakland Section champion Oakland Tech. in a first round match. Congratulations to the Cardinal squad and all the best as they battle for a NorCal championship!

    The State CIF has published an updated advisory with restrictions on schools fielding teams outside their high school season of sport. Please see this link for complete information.

    The SFUSD recently published student athlete GPA statistics and once again athletes outperformed their non-athlete counterparts in the classroom–confirming the philosophy that interscholastic athletics does provide a true educational benefit. Check this link to a detailed report showing all data for 2015.

    UCSF continues its partnership with the SFUSD Athletic Department by providing doctors, athletic trainers, and functioning training rooms at each of the SFUSD high schools that participate in the AAA. The PlaySafe program also provides a FREE cardiac physical program each May for SFUSD high school athletes. Also, the coordinator of PlaySafe, Dr. Anthony Luke, was honored by the San Francisco Business Times for his dedicated work to make this program successful. Check out this link to read about his efforts to help keep our athletes playing safe!!

    The NFHS has created a FREE on-line courses for the parents of high school student athletes. The courses provides information on how parents can help their son and/or daughter enjoy and succeed in high school sports. Check out this link to access the Sports Parent Courses.

    Check out this link which provides a summary of research that effectively demonstrates the positive impact of athletics (both school-based and community-based) on youth development and academics.

    We provide an Alumni History Page under the About Us menu item above dedicated to preserving specific historical athletic information from our past and present AAA/SF Section schools. Check it out! If you have any information about major school events or athletes who have made it to the Professional or Olympic level, please forward it to us via e-mail.

    The updated AAA Annual Champions by Sport are posted on our Schedules/Results/Standings page under the SPORTS menu item above. Being that the AAA dates back to 1924, there are a number of years in various sports for which we have been unable to determine the champion. We are, therefore, requesting your assistance in helping us “fill in the blanks.” If you have any information that might shed some light on those “dark years”, please call us at 415-920-5185 or send an e-mail to John Zlatunich. Together we can create and build a concise history of the AAA!


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    Small businesses behind the times in accounts payable processes – Small Business #designer #business

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    Small businesses behind the times in accounts payable processes

    How small and medium businesses can take on flexible working

    Some 57 per cent of employees say the availability of flexible working in their workplace is important to them, according to Sage data. This guide to Sage 200 Online shows why more and more businesses are turning to the cloud.

    Controlling Cash Flow – Learn to master your money

    Find out how five small businesses met the challenges of raising finance, from drawing up a business plan to securing investment. Complete with expert guides and tips to help you through the process.

    The Vitesse Network

    Further Information

    Vitesse Media Plc, 14 Bonhill Street, London EC2A 4BX T. 0207 250 7010

    2016 Vitesse Media Plc

    2016 Vitesse Media Plc


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    2016 Top Performers Nominations

    RULES: You must be 18 years of age or older to enter. Only one (1) form per IP address. Additional entries will disqualify all prior votes. Entries must be received by 11:00 pm. July 17, 2016. Survey results do not reflect the views of Metroland Media Group or its newspapers. Form must contain a minimum of 20 votes to qualify Must be a resident of Ontario. No fax or paper nominations or votes accepted. All votes are final and must be submitted online.

    Our Paper

    Welcome to the Business Times, the largest B2B publication dedicated to serving Peel Region. We publish monthly, 12 issues a year. We are published by Metroland Media Group Ltd. a division of Torstar Corporation.

    The Business Times was founded over 30 years ago. Our market-leadinginsight and analysis have been recognized seven-times as the winner of Best Business Publication in North America from the Local Media Association.

    Our editorial team, led by Mr. Rick Drennan, has garnered dozens of local, regional and international writing awards including Best Column writing and Best Opinion piece. The Business Times reports monthly with investigative journalism covering everything from finance, transportation, technology, HR. We have a particular expertise and strength in the commercial industrial real estate sector with strong relationships with SIOR and NAIOP with a dedicated special ICI section every month.

    Our Audience

    The Business Times reaches 27,000 business people in Peel and the GTA every month. The current issue is fully distributed by the first Wednesday in the month.

    Our Readers are C-suite executives; business and community leaders and decision-makers; small and midsize business owners and affluent consumers.

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    Our monthly circulation is split in three channels.

    1. Our personalized direct mailing list to 3,500 pre-eminent local CEO’s, SVP’s, Managing Directors, Small Business Owners, Family Businesses. Our mailing list reaches 80% of the C-suite of the largest institutions and employers in Peel.

    2. We maintain an envied distribution network of high-visibility drop points across the Region: 15,800 copies are distributed through the local branches of all major banks, the BDC and EDC; the Board of Trades; all local car dealerships; at Toronto Pearson airport lounges; the local convention centres and hotel; regional government offices and City Halls and HHI’s across Peel.

    3. We are on the GO Transit network from Burlington to Union Station.

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    Brampton and Mississauga Business Times voting closes
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    Mary Denton in SF Business Times

    Mary Denton, CEO of Sunny Hills Services

    Premium content from San Francisco Business Times by Krystal Peak

    Date: Friday, June 1, 2012, 3:00am PDT

    Mission: To engage vulnerable children and youth, enrich their connection with family and community and empower them to lead healthy, rewarding lives.

    The start: Sunny Hills Services serves vulnerable youth and their families. It was originally founded in 1895 as an orphanage and farm in Marin County and is now a regional child welfare organization. This year, the San Anselmo-based nonprofit will serve more than 2,000 young people and another 4,000 family members through an array of programs focused on the educational, mental health, housing and developmental needs of vulnerable youth.

    Milestone: The organization is about to celebrate its 117th anniversary on June 8.

    Corporate support: Autodesk, Bank of Marin, Exchange Bank, Frank Howard Allen Realtors, Infineon Raceway, R.A.B. Motors, Sam’s Anchor Café.

    Board of directors: 16 board members, including Lydia Cameron, Jennifer Gotti, William Caroli, Jay Cahan.

    Office Issues

    Recent challenge: Fiscal constraints. Especially when state and county budgets are so tight and private giving is just starting to recover. So we are always challenged by what our budget can allow us to do for the children.

    Measures of success: We are currently working on enhancing our organization metrics. There are several of them that we look at; from helping to keep children out of juvenile hall and reaching as many families as possible, but, to me, what’s most impactful is hearing those individual stories of children that really benefit. When I hear about one of the kids we work with who has battled anxiety and is now feeling comfortable in the classroom because we were able to help provide support – that’s the metric I get the most from.

    Smartest move: One of the things that’s been really positive is an initiative in the East Bay where we worked with three other organizations to provide a better experience for our clients. (It’s called) Next Steps Collaborative and it helps provide housing and support services for more than 100 youth.

    Missed opportunity: Kids that need our services who we aren’t reaching or who we don’t have the capacity to serve.

    Misconception: That the public funding that we receive covers our costs. We do get a substantial amount from state and county sources, but nowhere near the amount to meet the public need.

    Around the corner: Sunny Hills is just starting the second year implementing a strategic plan – an effort to further define our theory of change to assure we have a real clear idea of our track and outcomes. Also, our Wine, Women Shoes fundraiser will take place on Sept. 15. The event features a shopping marketplace, wine and food tasting, fashion show and more.

    Personal insight

    Personal path to nonprofit work: My path was certainly non-traditional. I spent 20-plus years in international banking and eventually joined the board of a small nonprofit group. I was totally hooked by the mission of furthering nonprofit efforts. I wanted to put my skills to work in the sector rather than just volunteer. Twelve years ago I joined Sunny Hills.

    Most surprising aspect: That was going to be one of the most challenging jobs I’ve had. It was amazing how much of my business and banking experience I’ve used in managing this business. There is a lot of developing strategy and programs as well as the financial management.

    Biggest pain: Never having enough hours in the day to do all the things I have on my to-do list.

    Greatest pleasure: I work on the Sunny Hills Services main campus in San Anselmo and I get to see the kids from our therapeutic day school playing on the front lawn. When you see them playing with such abandon, you realize their potential for a better and brighter future.

    Introspections

    Best recent moment: Sunny Hills Services just received a grant from Tipping Point Community. At their recent fundraising event, I got to see the outpouring of their support of the community as they raised more than $8 million.

    Dream for another life: I play the piano a little and I would love the idea of being artist or performer in some capacity.

    Greatest inspiration: I get inspired more by nature, beauty and music.

    Causes: Social and economic justice such as access to affordable housing, and I am connected to the Humane Society.

    Most like to meet: Warren Buffett. He is probably the person with the best grasp of the economy, business and market. Also Eleanor Roosevelt. She was an extraordinary woman, and I still have a thank-you letter she wrote to my grandmother that means a lot to me.


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    Business News – Los Angeles Times #government #loans


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    BUSINESS

    A Los Angeles congressman is calling for Japanese prosecutors to investigate Olympus Corp. for not warning American hospitals that its medical scope was transferring lethal bacteria to patients. In an Aug. 29 letter, Rep. Ted Lieu (D-Torrance) asked Secretary of State John Kerry to request that.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    Andrew Khouri and James F. Peltz

    A bankruptcy filing by South Korea’s Hanjin Shipping Co. is rippling through the global supply chain, stalling the delivery of goods as the firm’s ships sit anchored off ports across the world, including in Southern California. The holdup — driven by concerns the world’s seventh-largest shipping.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    On Wednesday, Elon Musk tweeted that a blog post on improvements to Tesla Motors’ Autopilot system was imminent. On Thursday morning, a SpaceX rocket blew up on the launchpad. The Autopilot news would have to wait. Musk is chief executive of both companies. When the rocket crisis passes, he’ll.

    U.S. stocks staged a late recovery Thursday and finished mostly higher, led by technology and metals companies. Energy companies continued to fall with the price of oil. In early trading, the Dow Jones industrial average lost as much as 105 points. But those losses faded midday and stocks finished.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    James Rufus Koren

    A plan to create a state-run retirement program for nearly all private workers in California passed out of the Legislature late Wednesday and now awaits approval by Gov. Jerry Brown. But even if the governor signs the bill written by Senate leader Kevin de Le n (D-Los Angeles), which was opposed.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    An explosion rocked SpaceX’s launch site in Florida on Thursday morning, destroying a Falcon 9 rocket set for liftoff this weekend and its payload, the company has confirmed. The explosion occurred at Cape Canaveral Air Force station shortly after 6 a.m. Pacific time, sending dark clouds of smoke into.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.

    SpaceX updates: Elon Musk calls the sudden ball of fire not an explosion Sept. 1, 2016, 4:52 p.m. What we know: Elon Musk s SpaceX was fueling its unmanned rocket when the blast occurred Thursday morning. The company was preparing for a test firing, considered routine, in advance of a planned.


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    Ailes out at Fox News, Fox Business – Times Union #small #business #tools


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    Ailes out at Fox News, Fox Business

    FILE – In a Sept. 29, 2006 file photo, Fox News CEO Roger Ailes poses at Fox News in New York. 21st Century Fox says Ailes is resigning. The announcement comes amid charges by former anchor Gretchen Carlson, who claims she was fired after refusing his sexual advances. (AP Photo/Jim Cooper, File) ORG XMIT: NYET417 less

    FILE – In a Sept. 29, 2006 file photo, Fox News CEO Roger Ailes poses at Fox News in New York. 21st Century Fox says Ailes is resigning. The announcement comes amid charges by former anchor Gretchen Carlson,. more

    Photo: Jim Cooper

    Ailes out at Fox News, Fox Business

    Back to Gallery

    Roger Ailes is out as chief executive at Fox News Channel and Fox Business, his career at the networks he built from scratch and ran with an iron hand for nearly 20 years over with stunning swiftness following allegations that he forced out a former anchor after she spurned his sexual advances.

    Hours before the final night of the Republican National Convention. network parent 21st Century Fox announced Thursday that Ailes would resign immediately.

    Rupert Murdoch. the executive chairman of 21st Century Fox, will assume the role of chairman and acting CEO of Fox News Channel and Fox Business Network until a replacement is named.

    Murdoch and 21st Century Fox did not address the widening scandal in the statement on the resignation but lauded Ailes for his contributions.

    “It is always difficult to create a channel or a publication from the ground up and against seemingly entrenched monopolies,” Murdoch said in a statement. “(Ailes’) grasp of policy and his ability to make profoundly important issues accessible to a broader audience stand in stark contrast to the self-serving elitism that characterizes far too much of the media.”

    Fox is heading into a general election campaign in its customary spot at the top of the ratings, but without the man who sets its editorial tone every day.

    The blustery, 76-year-old media executive built a network that both transformed the news business and changed the political conversation. Fox News Channel provided a television home to conservatives who had felt left out of the media, and played a part in advancing a rough-and-tumble style of politics that left many concerned that it was impossible to get things done in government.

    Ailes’ downfall began with the July 6 filing of a lawsuit by Gretchen Carlson. who charged that Ailes sabotaged her career because she refused his suggestions for sex and had complained about a pervasive atmosphere of sexual harassment at Fox.

    Ailes has denied the charges, but 21st Century Fox hired a law firm to investigate.

    Several Fox employees jumped to Ailes’ defense, but notably not Megyn Kelly. one of Fox’s top personalities. In rapid succession, it was reported Kelly was among other women who had told investigators about harassment again denied by Ailes and that corporate heads Rupert Murdoch and his sons, James and Lachlan, determined that Ailes had to go.

    Within two weeks of the court filing, Carlson’s lawyers also said more than 20 women had contacted the firm with stories of alleged harassment by Ailes either against themselves or someone they knew. Two of them came forward publicly.

    Before the charges, Fox’s sheer success had insulated Ailes despite some previous scrapes with the Murdoch sons. Fox News Channel is the parent company’s single most important property, said Pivotal Research Group analyst Brian Wieser. with some estimates that it accounted for nearly a quarter of the company’s profits.

    Ailes was a prominent Republican media consultant who later ran CNBC before Murdoch asked him to create a cable news network to compete with CNN at the same time MSNBC was starting. Ailes’ slogans, “fair and balanced” and “we report, you decide,” appealed to an audience that believed mainstream outlets didn’t live up to those promises.

    “He was ahead of his time in recognizing that dividing, not uniting, an audience would be the key to commercial success in the 21st Century cable news business,” said Matt Sienkiewicz. communications professor at Boston College. Ailes blew apart the notion that public affairs programming should target a broad audience with civil debates, he said.

    Ailes hired a combative broadcast journeyman in Bill O’Reilly and turned him into the star of an opinionated prime-time lineup. He directed news coverage and emphasized issues like the so-called “war on Christmas” or the Benghazi investigation that otherwise got little attention. Republican politicians considered Fox the first stop for reaching their intended audience, and they learned to talk tough. “We’re not going to be defensive about anything,” Ailes said at the network’s launch.

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