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...