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Kevin Reilly to step down as Fox entertainment chairman
Kevin Reilly to step down as Fox entertainment chairman

Kevin Reilly is stepping down as chairman of Fox Entertainment on Thursday, according to people familiar with the matter. The major shake-up comes after the Fox television network wrapped up a bruising season, with ratings for its regularly scheduled shows slumping. Reilly's decision to leave had been in the works for several weeks, and negotiations accelerated this week, according to a person familiar with the matter. Fox has already begun a search for a successor to Reilly, and was expected to look at outside candidates as well as executives who currently work within the company, according to a second knowledgeable person. The move occurs at an awkward time. The network just two...

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