Bill O’Reilly’s payout as he leaves Fox News will be in the tens of millions of dollars, CNN’s Brian Stelter reports. The Financial Times reports that the payout will be $25 million. O’Reilly was let go Wednesday amid mounting pressure on the cable news channel over sexual-harassment allegations against the talk-show host. While 21st Century Fox and O’Reilly are unable to comment on a payout, two sources told CNN that O’Reilly recently signed a new contract—reportedly worth $25 million per year—and will therefore receive a payout. O’Reilly reportedly will not be paid the full amount of his contract, which is said to extend through the 2020 presidential election.
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