Fuji Media, rocked by a scandal that has gripped Japan, on Thursday slashed its annual net profit forecast by two-thirds citing a sharp drop in advertising revenue. Fuji Media this week announced a management shake-up amidst a probe into alleged sexual misconduct by a celebrity TV host against one of its staff.

The parent of Fuji Television has slashed its earnings forecast after a scandal at the Japanese broadcaster prompted many firms to cancel adverts.

A Japanese tabloid that broke the news about alleged sexual harassment by a prominent TV host involving Fuji Media Holdings Inc, triggering a public outcry and spooking advertisers, has corrected a part of its story.

Fuji TV's Chairman and President have resigned over the handling of the sexual misconduct scandal involving TV presenter Masahiro Nakai.

Japanese magazines accused Masahiro Nakai, a TV host and leader of the former boy band SMAP, of sexual misconduct. Nakai has worked for Fuji TV and other broadcasters

The president and chairperson of Japanese network Fuji Television have resigned over a widening sex assault scandal linked to one of Japan's top TV celebrities. The allegations surfaced in magazine articles in December and have since triggered claims of systematic cover-ups by Fuji TV executives.

The impact of Fuji Television Network Inc.'s loss of advertisers over a scandal between a woman and former TV personality Masahiro Nakai has ･･･