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Bill O’Reilly’s forced exit from Fox News is netting him a payout of up to $25 million, two sources with knowledge confirmed to NBC News.
The former Fox News anchor inked a new four-year contract last month guaranteeing he make that much annually, according to a person with knowledge of that deal. The contract did allow Fox to fire him in general if controversy was harming the network, the person added.
His severance has not been disclosed publicly, but was part of the agreement for him parting ways with parent company 21st Century Fox, New York magazine journalist Gabe Sherman earlier told TODAY.
The media company announced Wednesday it was dropping O’Reilly’s prime-time political punditry show, “The O’Reilly Factor,” amid mounting sexual harassment allegations made by former staffers and guests.
The New York Times revealed earlier this month that O’Reilly and his bosses paid about $13 million to five women in exchange for them not pursuing lawsuits or speaking about their cases.
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Men place boards over a poster of former cable news host Bill O’Reilly outside of the Fox News offices in New York on April 20, 2017. Rashid Umar Abbasi / Reuters
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Click link below for article and video:
http://www.nbcnews.com/news/us-news/bill-o-reilly-severance-fox-news-host-expected-get-25-n748916
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