Bill O’Reilly has been terminated by Fox News.
From NY Mag:
The Murdochs have decided Bill O’Reilly’s 21-year run at Fox News will come to an end. According to sources briefed on the discussions, network executives are preparing to announce O’Reilly’s departure before he returns from an Italian vacation on April 24. Now the big questions are how the exit will look and who will replace him.
Wednesday morning, according to sources, executives are holding emergency meetings to discuss how they can sever the relationship with the country’s highest-rated cable-news host without causing collateral damage to the network. The board of Fox News’ parent company 21st Century Fox is scheduled to meet on Thursday to discuss the matter.
Sources briefed on the discussions say O’Reilly’s exit negotiations are moving quickly. Right now, a key issue on the table is whether he would be allowed to say good-bye to his audience, perhaps the most loyal in all of cable (O’Reilly’s ratings have ticked up during the sexual-harassment allegations). Fox executives are leaning against allowing him to have a sign-off, sources say. The other main issue on the table is money. O’Reilly recently signed a new multi-year contract worth more than $20 million per year. When Roger Ailes left Fox News last summer, the Murdochs paid out $40 million, the remainder of his contract.
According to sources, Fox News wants the transition to be seamless. Executives are currently debating possible replacement hosts. Names that have been discussed include Eric Bolling, Dana Perino, and Tucker Carlson, who would move from his successful 9 p.m. slot and create a need for a new host at that time. One source said Sean Hannity is happy at 10 p.m. and would not want to move.