Bill O’Reilly’s forced exit from Fox News is netting him a payout of up to $25 million, two sources with knowledge confirmed to NBC News.
The former Fox News anchor inked a new four-year contract last month guaranteeing he make that much annually, according to a person with knowledge of that deal. The contract did allow Fox to fire him in general if controversy was harming the network, the person added.
His severance has not been disclosed publicly, but was part of the agreement for him parting ways with parent company 21st Century Fox, New York magazine journalist Gabe Sherman earlier told TODAY. Read more at NBC News.