Sources: Fox News payout to Bill O’Reilly will be tens of millions of dollars

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...

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