Bill O’Reilly’s Parachute: “Tens Of Millions Of Dollars”
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 two sources, who spoke independently of one another, said the new contract was worth about $25 million per year.
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