Fox stock holds steady after O'Reilly firing

Stephen Colbert appears on “The Late Show with Stephen Colbert” in New York in this

Guest host Dana Perino addressed the disgraced political commentator's departure at the start of the hour-long show. While we don't know all the facts about what happened at Fox, it's safe to say the New York Times effectively helped bring O'Reilly down.

After the hour was almost up, the top-rated conservative host, 67, got a short farewell mention. This contrasted with earlier news reports estimating the new contract's worth at between $18 and $20 million per year. "Bill had been the undisputed king of cable news - and for good reason", Perino said.

O'Reilly's infamous "hot chocolate" comment came, Burgess said, one afternoon when she returned to her desk from lunch.

Bill O'Reilly is out
Kurtz had filed a story on Fox's website earlier in the afternoon, but it didn't get mentioned on-air until he appeared Wednesday. Bill O'Reilly is fighting back! Kurtz discussed the Ailes matter on-air more extensively than he did the O'Reilly controversy.

Burgess and Bloom also spoke out against President Donald Trump, who defended O'Reilly in an April interview in the Oval Office, saying, "I don't think Bill did anything wrong". When contacted by Steel as she researched her piece, he threatened grave repercussions: "I am coming after you with everything I have".

Mr O'Reilly' severance is the latest payment in what has turned out to be a costly situation for Fox News. Over 50 advertisers boycotted "The O'Reilly Factor" over revelations O'Reilly and Fox paid $13 million to settle lawsuits by five women who accuse O'Reilly of sexual harassment and inappropriate sexual behavior.

"It is tremendously disheartening that we part ways due to completely unfounded claims", he said. "But that is the unfortunate reality many of us in the public eye must live with today".

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