On Wednesday April 19, Fox News announced that Bill O'Reilly will be leaving Fox News after increasing allegations of sexual harassment and inappropriateness.
In July, the company paid former head of Fox News, Roger Ailes, a severance package of about $40 million, following allegations of sexual harassment.
In a statement, Fox News says after a thorough and careful review, O'Reilly will not be returning to the Fox News Network.
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O'Reilly has vigorously denied the claims, saying Wednesday that he found it "tremendously disheartening" to leave Fox on "completely unfounded claims".
On Thursday's episode of The Late Show, Colbert - who long studied The O'Reilly Factor to inform his alter ego on The Colbert Report - said he was "still reeling from the loss".
An email from a Democratic Party operative may have been Bill O'Reilly's last play to save his job at Fox News amid a growing sexual-harassment scandal.
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The vast majority of that - up to 65 million USA dollars in exit packages - is being paid to the men who were ousted from the network because of the harassment allegations.
His annual salary is worth about $25 million, according to NBC News, which cited a person with direct knowledge of O'Reilly's contract. O'Reilly and his bosses have given $13 million to five women in exchange that they don't sue or speak about the cases. But former Fox host Megyn Kelly detailed what she described as ongoing harassment from Ailes in her book, "Settle for More", and former longtime Fox anchor Gretchen Carlson sued Ailes around the time she left the network.
Getting a new lineup is critical for Fox News. Rupert Murdoch, the company's co-chairman and controlling shareholder, initially wanted to keep O'Reilly on the network but advertisers began bailing out of the program and additional women came forward, making the situation untenable for the Murdoch family.
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The Daily Star says a spokesman for the family has called for the show's producer's to hand over any new evidence to the police. She added that there was "not a chance" that Kate and Gerry were in any way responsible for their daughter's disappearance.
Bill O'Reilly will rue the day he called a Fox News temp worker who is black "hot chocolate".
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