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Wasn't the agency enforcing these policies. they were in effect before. >> they were busy looking for my boughttles of shamposhampoo. >> log on to foxbusiness.com/channelfinder. brand new fallouts from the bogus rolling stone sexual assault article. three former members of the fraternity profiled in the story suing rolling stone. the articles sparked outrage on the campus led to policy changes. the members seeking 500,000 in damages. the managing director will dana is resigning after months -- just months after that retraction. also a public university now responding to outrage over a lang...

She said "these are mistakes that i will never make again". >> i'm not sure who would trust her at this point with a story. i know from personal experience that i would not recommend it. >> reporter: but the magazine's top editor will dana says sabrina has done great work for us over the years and we expect that to continue. that decision comes from the "rolling stone" believes the report is enough punishment. to be fair the writer and her editors did not make up facts or plagiarize but the review says they did bad reporting and editing. but they are getting second chances and the professors w...

With a new one. they hold annual lucille ball comedy festival and artist change it for free. the artist says it will cost 10 grand. we'll see who gives in jamestown, new york. patti ann: fox news alert. we're awaiting news conference at the top of the hour after "rolling stone" magazine retracted its widely discredited article published last november on a alleged gang rape at the school. last night the columbia school of journalism issued a scathing review calling it a failure at every level. "rolling stone" managing editor will dana issued an apology. this report was painful to me personally ...

I think the press conference tomorrow maybe the trauma that jackie experienced. jackie has horrific memories of what happened her in 2012. the entire wasn't entirely wrong but maybe exaggerate rated or embellished in some way. >> there has been an apology and "rolling stone" has accepted responsibility. has there been any explanation of why there is a full retraction? >> they say because they are continuing to have this columbia review going on and ordered up by the publisher of the magazine and it went over the head of the top editors there like will dana. i checked in with will and he said w...

>> it may be a legal thing where they will be sued very badly and they would rather have her on their side than separated for helping the other side. >> that's what it is. tas exactly what it is. we don't even have to finish the segment. i will not even go to andy. you were going to say something? go ahead. >> yeah. first of all, she is not rereporting it. that would imply she reported it the first time. what she is doing may not be with rolling stone's blessing. we don't know that. rolling stone editor will dana -- by the way that is a sorkin character name. >> that is dana will. >> he didn't...