Bill O’Reilly’s ‘Golden Parachute’ Reportedly $25M.

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  April 20, 2017: 

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Bill O’Reilly will be paid tens of millions of dollars on his way out of Fox News, two well-placed sources told CNNMoney.

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“It is a staggering amount,” said a source personally involved in the exit maneuverings.

 After this story was originally published Thursday morning, a third source said the payout totals $25 million.                                                                                                                .

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 the sources confirmed that O’Reilly does have a parachute, partly because O’Reilly signed a new contract right before being ousted.

The two original 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 THE REST OF THE STORY  HERE  AT CNN Money

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