After exiting a 21-year career at Fox News, Bill O’Reilly will receive $25 million as part of his settlement to leave the network despite his sexual harassment scandal, according to a source familiar with the matter.
O’Reilly’s most recent contract states that he can receive a maximum of one year’s salary upon departure, which is said to be worth $25 million a year. However, Fox News referred questions to parent company 21st Century Fox, which declined to comment as well.
Bill O’Reilly’s career at Fox News spans for 21 years. Photo by DiversityInc
Earlier this month, O’Reilly’s career started deteriorating when The New York Times reported that he and the network had paid $13 million in settlements to five women accusing him of sexual harassment, verbal abuse or inappropriate behavior, which he declined.
This is O’Reilly’s second time to be involved in a sexual harassment scandal, the first incident being occurred in 2004, before social media could be harnessed to fuel an advertiser exodus and organize protests outside the company’s headquarters.
Currently, O’Reilly is the highest-rated cable news host. His primetime spot will be replaced by recently-promoted Jesse Watters in another primetime show called “The Five.”