Bill O'Reilly, who was ousted Wednesday from his top-rated TV show on Fox News over allegations of sexual harassment, will receive nearly $25 million for agreeing to leave the company, according to a person familiar with the matter.

On Friday, Wallace responded in a statement: "More than seven years ago, I engaged in a playful discussion with former FOX Business host Don Imus".

Even with O'Reilly gone from Fox, Sesno said he doubts that the public appetite for his brand of "angry, high-decibel" chatter will give way to a new regard for civility. It is reported that company has been forced to pay some $13 million in sexual harassment lawsuit settlements.

Rupert Murdoch's son James has emerged as the chief decision-maker in the Fox orbit as he led the effort to oust Roger Ailes last July - over the objections of his father, and brother Lachlan's ambivalence - and now the ousting of the show's most popular host. Let's not forget that neither Ailes nor O'Reilly were fired for their mistreatment of women, but rather for the large amount of bad press those allegations brought to the network after years of misconduct. O'Reilly had recently signed a new contract and has what's called a "golden parachute", so he's getting what sources tell CNN is about a year's salary. He'd become a growing embarrassment to Fox News for his alleged behavior - not to mention becoming a major financial liability. When O'Reilly accuser Wendy Walsh and her attorney Lisa Bloom called Fox's hotline on April 5, the Murdochs put Paul, Weiss on the case.

O' Reilly will be replaced in his prime-time lineup by Fox host Tucker Carlson.

O'Reilly said in the statement at the time that he had settled only to spare his children from the controversy. Welcome. I know this is a confusing time for you; you've been through a lot. He puffed up his chest with pride and wished his colleagues well while shrugging off the sexual harassment accusations as "unfounded claims", which are just part of being famous or something.

O'Reilly and President Donald Trump are both "crowd-pleasing showmen who know how to signal to loyalists in their audience that they are not taking themselves quite as seriously as their detractors are", said news consultant Andrew Tyndall.

Dozens of advertisers pulled their ads from the show, and the network announced after O'Reilly departed for a vacation that he would not return.