J-Pop Star Retires as Fuji TV Probes Harassment Allegations
- Fuji Media shares slide after big corporations suspend ads
- Scandal hobbles broadcaster while activist investors circle
Masahiro Nakai, a former J-pop star turned TV host, said he was retiring following sexual harassment allegations and broadcaster Fuji TV announced a fresh probe into the matter, which has spooked advertisers.
The TV company has denied tabloid reports that its employees were involved in setting up a party at which the incident took place. But its response to the scandal and a call for more transparency have prompted big corporations to suspend advertising, hitting parent Fuji Media Holdings Inc’s shares.