'Making Money' host Charles Payne suspended from Fox Business Network

[July 07, 2017]    (Reuters) - "Making Money" host Charles Payne was suspended from Fox Business Network, a company spokeswoman said on Thursday.

The spokeswoman said Payne had been "suspended pending further investigation" and rotating sub-hosts would fill in on the Twenty-First Century Fox-owned cable network .

Payne did not immediately respond to a request for comment.

Media reports from BuzzFeed and Variety surfaced earlier on Thursday attributing the suspension to allegations of harassment. http://bit.ly/2sSwgaH

The company did not immediately confirm whether Payne was suspended over the allegations.

Fox's spokeswoman said in a statement: "We take issues of this nature extremely seriously and have a zero tolerance policy for any professional misconduct. This matter is being thoroughly investigated and we are taking all of the appropriate steps to reach a resolution in a timely manner."

In June, Payne signed a multi-year contract to continue as host of "Making Money."

(Reporting by Shalini Nagarajan and Sangameswaran S in Bengaluru and Jessica Toonkel in New York; Editing by Peter Cooney)

[© 2017 Thomson Reuters. All rights reserved.]

Copyright 2017 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.