Fox News to pay Millions of dollars to Bill O’Reilly

“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.

(Previous news reports have pegged O’Reilly’s past contract at $18 to $20 million a year.)

Read More: CNN

About Albert N. Milliron 6997 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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