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.

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.

Leading Japanese media company accused of mishandling incident involving Masahiro Nakai and unidentified woman

Japan's Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst a probe into alleged sexual misconduct

The 10-hour briefing that ended at around 2am on Tuesday sought to begin rebuilding a reputation tarnished by the Masahiro Nakai scandal.

The president and chairperson are out after complaints of a lack of transparency surrounding Masahiro Nakai in Japan

The Chairman and President of Japan’s Fuji TV have resigned over the handling of the sexual misconduct scandal involving TV presenter Masahiro Nakai. In a press conference held today, Fuji TV Chair Shuji Kano and Koichi Minato,

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.