Welcome, Guest! - or
Easy to remember!  »  VinNews.com

New York - Bill O'Reilly To Receive Maximum Of One Year Salary

Published on: April 20, 2017 12:48 PM
By: Reuters
Change text size Text Size  
Posters featuring Bill O'Reilly are displayed at the News Corp. headquarters in Midtown Manhattan, Wednesday, April 19, 2017. (AP Photo/Mary Altaffer)Posters featuring Bill O'Reilly are displayed at the News Corp. headquarters in Midtown Manhattan, Wednesday, April 19, 2017. (AP Photo/Mary Altaffer)

New York - Bill O’Reilly will receive a maximum of one year’s salary following his ouster Thursday from Fox News, according to a source familiar with the situation.

Fox News parent Twenty First Century Fox Inc> announced Thursday it had parted ways with the star cable news host, ending his more than 20-year career, following allegations of harassment from a number of women.

The source declined to comment on O’Reilly’s annual salary, but CNN reported on Thursday that the host’s new contract provided about $25 million a year.

Advertisement:

Shares of Fox News’ parent company, 21st Century Fox, held steady in midday trading Thursday following the firing of longtime and top-rated segment host Bill O’Reilly.

Shares were up 30 cents to $30.69 shortly after the market opened. The stock fell 1 percent to close at $29.81 on Wednesday. It is down more than 3 percent since an April 1 report in The New York Times that five women had been paid a total of $13 million to keep quiet about disturbing encounters with O’Reilly.

O’Reilly show, “The O’Reilly Factor,” gained some of the highest ratings in cable news and was a key advertising revenue generator for Fox.

21st Century Fox’s other holdings include 20th Century Fox, Fox Searchlight Pictures, FX Networks, and National Geographic Channel.



More of today's headlines

London - British officials say they've been unable to trace the rightful heirs to a trove of gold coins found stashed inside a piano and worth a "life-changing" amount... Washington - Work requirements for Medicaid could lead to major changes in the social safety net under President Donald Trump. It sounds like a simple question...

 

Total0

Read Comments (0)  —  Post Yours »

1

Sign-in to post a comment

Click here to sign-in.

Scroll Up
Advertisements:

Sell your scrap gold and broken jewelry and earn hard cash sell gold today!