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Fox News' Ailes Leaves With $40 Million Plus, CNBC's Boorstin Says

NEW YORK (TheStreet) -- Fox News Chairman and CEO Roger Ailes was reportedly pushed out of the station last night with more than $40 million, equivalent to the rest of his salary per his current contract up in 2018, CNBC's Julia Boorstin reported on "Squawk on the Street" Friday.

"Ailes is barred from starting a rival to Fox News and he will be a consultant through Rupert Murdoch," Boorstin said.

Fox News parent company Twenty-First Century Fox (FOXA) owner and leader Rupert Murdoch took over the position of CEO and...