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Actionable news in FT: FRANKLIN UNIVERSAL TRUST SHARES OF BENEFICIAL INTEREST,

Fox to pay Bill O’Reilly $25m in exit deal

Bill O’Reilly, the Fox News star who was fired this week amid a sexual harassment scandal, will a receive a $25m payout, equivalent to one year’s salary, as part of his exit deal with 21st Century Fox, according to a person with knowledge of his contract

The payout follows the presenter’s dismissal from Fox News this week after a 22-year career with the network and compares with the $40m collected by Roger Ailes, the network’s former chairman, when he parted ways in similar circumstances last year.

It comes just months after Mr O’Reilly had agreed a new four-year contract worth $25m a year. “The amended contract provides for Bill...


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