Bill O’Reilly’s amended contract indicates that the now jobless Fox News host will receive up to one-year’s salary, an individual close with the matter stated for CNBC.
Namely, his annual salary is estimated around $25 million, as reported by NBC News, which quoted a person with reliable familiarity with O’Reilly’s contract. Yesterday, the network’s parent company 21st Century Fox made O’Reilly farewell to Fox News public.
— CNBC (@CNBC) April 20, 2017
His departure happens following The New York Times’ report that O’Reilly and Fox settled no less than five cases of sexual harassment allegations that cost around $13 million.
O’Reilly has dramatically denied the allegations, stating on Wednesday that he feels “tremendously disheartening” to say goodbye to Fox on “completely unfounded claims.”
Previously this month, plenty of huge brands dropped their advertisements from Fox News’ “The O’Reilly Factor” due to the scandal.
“By ratings standards, Bill O’Reilly is one of the most accomplished TV personalities in the history of cable news,” a memo from Fox noted.
“In fact, his success by any measure is indisputable. Fox News has demonstrated again and again the strength of its talent bench. We have full confidence that the network will continue to be a powerhouse in cable news.”
This memo, was signed by Rupert Murdoch and his sons, Lachlan and James, who are also reiterated Fox’s “consistent commitment to fostering a work environment built on the values of trust and respect.”
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