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It's a short term, not a long term problem. Fox News is the oldest-skewing network on television, and Bill O'Reilly has the oldest-skewing demo. The last time I saw numbers was 2007, and the median age of Fox News viewers was 72. It had been going up a year every year since 2000, when it was 65. That his numbers are considered "good" says a lot about how low the expectations are any longer; Bill O'Reilly gets 2-3m viewers an afternoon while Jon Stewart gets about 1.5, but Bill O'Reilly gets effectively zero online.