21st Century stock rises after O'Reilly firing

Danny Woods
April 21, 2017

O'Reilly said in an April 1 statement that he had been unfairly targeted because of his public prominence.

On Wednesday, the network's parent company 21st Century Fox (NASDAQ: FOXA) announced that O'Reilly would not be returning to Fox News . Roger Ailes, the founding CEO of Fox News, was paid more than $40 million, the remainder of his contract when he was forced to resign last summer.

Hopefully we've all enjoyed our moment of shadenfreude over Bill O'Reilly getting the boot at Fox News yesterday afternoon, because-as often happens when wealthy, powerful white men get in trouble for something-O'Reilly's going to be just fine.

According to emails obtained by POLITICO, O'Reilly and his legal team were aware of Democratic fundraiser Mary Pat Bonner's attempts to get advertisers to pull out of time slots during "The O'Reilly Factor".

O'Reilly said in the statement at the time that he had settled only to spare his children from the controversy.

Mediaite founder Dan Abrams and LawNewz editor-in-chief Rachel Stockman appeared on CNN on Thursday in order to discuss the massive payout Bill O'Reilly is receiving as he leaves Fox News.

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The so-called "Stop O'Reilly" campaign was well-publicized on social media, with the help of Media Matters president Angelo Carusone, who famously spearheaded similar grassroots efforts that targeted former Fox News host, Glenn Beck.

The new contract limited any payout to one year's salary rather than the total due for the full term, the person said.

Fox News did not respond to CBS News' questions about the U.S. Attorney's investigation. "That is, if you do the math, that is twice as much as they paid his accusers".

"The O'Reilly Factor" host had recently signed a four-year deal at Fox News valued at $100 million, people with knowledge of the contract said.

"You know, more power to the good things that Fox News is doing but, yep, culture had to change there", she said.

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