(Bizpac Review) – Former Fox News icon Bill O’Reilly may be singing “Don’t Cry For Me, Argentina” after his dismissal from the cable news giant.
According to “two well-placed” CNN sources, he’ll be walking away from his two-decade tenure with Fox News as it’s “Factor” host with an eight-figure severance package — a golden parachute of sorts worth tens of millions of dollars.
The severance package is based on a portion of the $100 million, four-year contract the “Factor” host had signed just prior to his dismissal.
“It is a staggering amount,” one of the sources told CNNMoney.
When former FNC CEO Roger Ailes left the network last summer under similar sexual harassment allegations, he walked away with the full balance of his contract — in excess of $40 million.
Each source independently told CNNMoney that the contract renewal O’Reilly signed in March was for four years at $25 million per year. However, he will not be able to collect the full balance of his contract as did Ailes, because the network gave itself some “outs.”
O’Reilly’s latest accuser turned out to be a somewhat familiar Fox News face. Although she announced Wednesday that she’d been harassed by O’Reilly, Glenn Beck, another former O’Reilly colleague, expressed doubt about the veracity of the claims.
CNN’s “Reliable Sources” host Brian Stelter incensed the left after he reported the O’Reilly severance package. They thought he should be headed to jail rather than the bank.
Exclusive: Bill O’Reilly will be paid tens of millions of dollars on his way out of Fox News. https://t.co/UaJJ8SleWw
— Brian Stelter (@brianstelter) April 20, 2017
— Jan Austerlitz (@elitistja) April 20, 2017
@brianstelter Another old white guy getting rewarded for actions with no consequences. Next generation better take notice.
— Chris Bihler (@CBihl) April 20, 2017
@brianstelter Abused a female and get lots of $
— JAMES BAXTER (@JAMESBAXT) April 20, 2017
@brianstelter Caution you are entering the no harass zone !!
— aaron bradley (@abradley1974) April 20, 2017
@brianstelter Way to punish a sex offender. Maybe O’Reilly should write a book on “How to Make Millions While Sexually Harassing Women”.
— cinderelly (@cclucas99) April 20, 2017
@brianstelter I hope he chokes on it
— Kate (@Gooder_English) April 20, 2017
What they keep forgetting is that we are a country of law and procedure, which demands that the accused be afforded due process. We don’t just throw people in prison on the bases of a bare accusation.
That’s what they did in the old Soviet Union, the “socialist paradise” many of them would like to see here.