Bill O'Reilly will receive a payout of as much as $25 million from Fox News, according to news reports.
The ousted Fox News host will receive a maximum of one-year's salary, CNBC reported, and a person familiar with his contract says his annual salary is worth about $25 million.
CNN reported O'Reilly will not receive the full amount. However, it did place the payout at "tens of millions."
"It is a staggering amount," said CNN, quoting a source personally involved in the exit discussions.
O'Reilly's forced exit from Fox News follows a New York Times report detailing $13 million in payouts to five women over his alleged abusive behavior, according to the newspaper. More than 50 advertisers abandoned his show after the accusations became public.
Meanwhile, O'Reilly and Fox News representatives were not acknowledging his personal payout, CNN reported — the two are limited on what they can say due to a confidentiality agreement.
O'Reilly had signed a new contract before he was pushed out of Fox, the sources tell CNN. The contract was set to expire sometime in either late 2020 or 2021.
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