Bloomberg News

Fox’s Reilly to Exit After ‘Idol’ Ratings Decline

May 29, 2014

Kevin Reilly, who led Fox Broadcasting to the top of the network TV ratings, will step down after a loss of viewers marked by the decline of “American Idol.”

Reilly, 51, will leave as entertainment chairman at the 21st Century Fox Inc. (FOXA:US) unit in June, according to an e-mailed statement today. While a replacement is sought, his management team will report to Peter Rice, chairman and chief executive officer of Fox Networks Group.

“It felt like the timing was as right as it could be,” Reilly said in the statement, calling the network’s new slate of programs for September “robust.”

Fox has struggled to develop shows to replace the declining “American Idol,” which has seen its audience shrink about 60 percent from its peak in the mid-2000s. In the just-ended season, the network placed second in the 18-to-49 age group advertisers care about most, behind NBC.

To contact the reporter on this story: Anthony Palazzo in Los Angeles at apalazzo@bloomberg.net

To contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net Rob Golum


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