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Quote of the Day

From Barry Ritholtz:

Someone I spoke with claimed that Ailes was scheduled to speak at their event in March, but canceled. It appears that Roger’s people, ostensibly using a clause in his contract, said he “cannot appear for legal reasons.”

I asked “What, precisely, does that mean?”

The response: “Roger Ailes will be indicted — probably this week, maybe even Monday.”

If this is true, it will be a huge story. Only last week was it revealed that Judith Regan has a tape of Ailes instructing her to lie about Bernie Kerick in 2004 when Giuliani‘s buddy was being investigated for a Federal position.

Of course “indicted” doesn’t mean “convicted”… Ailes, through Rupert Murdock and News Corp has a lot of money and press power to play with. Wait and see, wait and see.