Bill O’Reilly is cashing in big on his way out the door of Fox News.
Then, on Thursday CNN reported that O’Reilly might be leaving, but he would be leaving a rich man.
Bill O’Reilly will be paid tens of millions of dollars on his way out of Fox News.
“It is a staggering amount,” said a source personally involved in the exit maneuverings.
21st Century Fox and O’Reilly’s representatives will not acknowledge the existence of a payout. A confidentiality agreement limits what the two sides can say.
But two well-placed sources confirmed to CNNMoney that O’Reilly does have a parachute. That’s because O’Reilly signed a new contract right before being ousted.
The changes were seen almost immediately at Fox News, with O’Reilly’s show now rebranded simply “The Factor” eliminating the former host’s name.
O’Reilly has defended himself against the claims that got him fired.