New York Times:
Bill O’Reilly is leaving Fox News with a payout of up to $25 million, the equivalent of one year of his salary, two people briefed on the matter said Thursday.
For 21st Century Fox, the network’s parent company, payouts related to sexual harassment allegations at Fox News now total more than $85 million. The vast majority of that — up to $65 million in exit packages — is being paid to the men who were ousted from the network because of the harassment allegations.
Mr. O’Reilly, 67, was forced out of the network on Wednesday following the disclosure of a series of sexual harassment allegations against him and an internal investigation that unearthed more women with complaints about his behavior.
His ouster was a stunning departure for 21st Century Fox, which long stood by Mr. O’Reilly even as allegations and settlements started to add up. Mr. O’Reilly, who started at Fox News in 1996, was considered the network’s top asset. His nightly program, “The O’Reilly Factor,’’ generated high ratings and pulled in hundreds of millions in advertising revenues.
But pressure mounted on the company to take action after a New York Times investigation found that Mr. O’Reilly and the company had reached settlements with five women who had complained about sexual harassment or other inappropriate behavior by him. The agreements totaled about $13 million, the majority paid by him.