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Sara Fischer Apr 10, 2017
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Fox News to conduct investigation on Bill O'Reilly

Richard Drew / AP

It took more than 50 advertisers pulling ads from Fox News' flagship program, The O'Reilly Factor, for the network to reveal they are taking action to figure out what's been happening between its star anchor and female employees over many years.

"21st Century Fox investigates all complaints and we have asked the law firm Paul Weiss (Rifkind, Wharton & Garrison) to continue assisting the company in these matters," Fox said in a statement Sunday. The same firm was used to investigate claims made against former Fox CEO Roger Ailes.

Why it matters: The results of the investigation will give the network an opportunity to handle the controversy, based off of their own commissioned findings, as opposed to responding to more allegations and reports.