Report: O'Reilly to get up to $25M in Fox payout

Report: O'Reilly to get up to $25M in Fox payout
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Bill O’Reilly is set to receive a payout of up to $25 million after parting ways with Fox News on Wednesday, according to a Thursday report in The New York Times.

That amount is equivalent to one year's compensation in O'Reilly’s reported four-year, $100 million contract for “The O’Reilly Factor."

The report notes that for 21st Century Fox, "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," the Times adds.

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O’Reilly’s show lost about 90 advertisers after time Times reported earlier this month that five women were paid $13 million to settle sexual harassment suits.

Former Fox News Chairman and CEO Roger Ailes was forced out of the network in July 2016, also because of sexual harassment allegations.

The 76-year-old Ailes reportedly received an exit package worth more than $40 million.

O'Reilly, 67, has hosted the top-rated cable news show for the past 15 years.

Fox also announced Wednesday that Tucker Carlson is moving into O’Reilly’s coveted 8 p.m. slot starting Monday.