Fox News Channel is nearing a decision on CEO Roger Ailes' future at the network, sources familiar with the matter said Tuesday evening, amid allegations of sexual harassment by a former network anchor.
21st Century Fox, which owns the network, disputed reports Tuesday that a decision had been reached, saying in a statement: Roger is at work. The review is ongoing. The only agreement that is in place is his existing employment agreement."
But sources told CNBC that Fox is nearing a decision, and the decision is likely to result in his departure from the network.
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Ailes, who has been with the network since its launch in 1996 and has been credited with building the it into a powerhouse, was accused of sexual harassment in a lawsuit filed earlier this month by former Fox News host Gretchen Carlson.