By comparison, sexual harassment allegation payouts for Fox News parent company 21st Century Fox are worth a combined $85 million. His show, "The O'Reilly Factor", gained some of the highest ratings in cable news and was a key advertising revenue generator for Fox.
Colbert wasn't the only late night host to celebrate O'Reilly's downfall.
It was his first official statement regarding the scandal and it raised a lot of eyebrows because of the fact that he denied the sexual harassment allegations.
Tapper asked, "But you said your former, so I wonder, was (the treatment of women) part of the reason you left?" Such is the case with Fox News, whose lethal new prime-time lineup is even more politically conservative post-O'Reilly.
He remains a Fox consultant through 2018.
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Besides the fact that this sounds like a conversation that could've been secretly recorded and then used in a deposition, and besides the fact that Fox News has a historic problem with sexual harassment, this all this happened on Wednesday, the day that Bill O'Reilly was sacked for pretty much the same thing.
O'Reilly, who has been off the air on vacation since April 11, said in a written statement on Wednesday he was proud of his "unprecedented success" at Fox.
Ailes' former top aide, Bill Shine, is now Fox's co-president. Steel, who joined the Times as a media reporter in 2014, was one of the two journalists whose reporting earlier this month led advertisers to leave The O'Reilly Factor and, eventually, to the network dumping O'Reilly on Thursday. He hasn't been accused of any harassment, but many inside and outside of Fox have wondered how much he and other executives still in place knew about Ailes' and O'Reilly's behavior. She told Tapper her contract was not renewed, though she declined to discuss the circumstances.
"He always walked past my desk and he made like a grunting noise", Burgess said, though she initially brushed it off as a muscle spasm.
"When I met him he said, 'When I went to college, professors didn't look like you, '" she told Inside Edition. That's because Fox incorporated language in the new contract that gave the network some "outs". "It's something they have against men, a threat, to keep men at bay in a very competitive marketplace", O'Reilly said in that segment.