Bill O'Reilly to receive maximum of one year salary -source


Reuters

UPDATE 1-Bill O'Reilly to receive maximum of one year salary -source


(Adds background on O'Reilly and Fox News)
    By Jessica ToonkelApril 20 (Reuters) - Bill O'Reilly will receive a maximum of
one year's salary following his ouster from Fox News, a source
familiar with the situation said on Thursday.
    Fox News parent Twenty-First Century Fox Inc <FOXA.O>
announced on Wednesday it had parted ways with the star cable
news host, ending his more than 20-year career, following
allegations of sexual harassment from a number of women.
    The source declined to comment on O'Reilly's annual salary,
but CNN reported on Thursday that the host's new contract
provided about $25 million a year.
    O'Reilly' severance is the latest payment in what has turned
out to be a costly situation for Fox News. The New York Times
reported on April 1 that Fox and O'Reilly paid five women a
total of $13 million to settle harassment claims. O'Reilly said
in a statement at the time that he had settled only to spare his
children from controversy.
    O'Reilly, who has been off the air on vacation since April
11, said in a written statement on Wednesday he was proud of his
"unprecedented success" at Fox.
    "It is tremendously disheartening that we part ways due to
completely unfounded claims. But that is the unfortunate reality
many of us in the public eye must live with today," O'Reilly
said in the statement.
    In July, the company paid former head of Fox News, Roger
Ailes, a severance package of about $40 million, following
allegations of sexual harassment.
    Ailes in his resignation letter did not indicate he did
anything wrong.
    O'Reilly's show, "The O'Reilly Factor," has been the most
watched program on Fox News and was coming off the highest-rated
first quarter in its history, averaging 4 million viewers,
according to Nielsen.
    O'Reilly will be replaced in his prime-time lineup by Fox
host Tucker Carlson.

 (Reporting By Jessica Toonkel; Editing by Tom Brown)
 ((Jessica.Toonkel@thomsonreuters.com; 646-223-7882;))

Keywords: FOX OREILLY/ (UPDATE 1)



This article appears in: Stocks , Politics
Referenced Symbols: FOXA


More from Reuters

Subscribe






See headlines for FOXA

Follow on:








Research Brokers before you trade

Want to trade FX?