Bill O'Reilly's statement following his firing from Fox News

"It is tremendously disheartening that we part ways due to completely unfounded claims", he said.

The news comes after multiple allegations emerged that O'Reilly has sexually harassed and verbally abused female employees. The host is presumably owed tens of millions of dollars under the terms of his multi-year contract, though the contract may have contained clauses allowing Fox News to get out of the deal. Carlson's own entry into Fox News' network took place after another major shakeup. While the broadcaster was not well-liked inside the network, he was viewed as invincible.

A once-unthinkable move had begun to seem inevitable.

O'Reilly's exit, which was first reported by NY magazine, follows that of former Fox News Chairman Roger Ailes, who was forced to resign in July after being accused of sexual misconduct by a number of women, including former anchor Gretchen Carlson.

ABC News has not been able to independently verify the claims made in the Times story.

The Times published its reporting on April 1.

The National Geographic channel has turned several of O'Reilly's books into TV movies.

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A company's reputation is a hard thing to quantify, but consider this, from the Department of Anecdotal Evidence: As of Monday, the Fox affiliate in Boston, the nation's ninth-largest media market, will change the name of its local newscast from "Fox 25 News" to "Boston 25 News" because it considers the Fox brand a liability. Walsh accused O'Reilly of making sexual advances to her when they met for a dinner in Los Angeles in 2013.

On Tuesday, an unnamed black woman said through her attorney, Lisa Bloom, that O'Reilly leered at her and called her "hot chocolate" in 2008.

It was signed by Executive Chairman Rupert Murdoch, who is also executive chairman of News Corp, which owns the New York Post.

The involvement of Paul, Weiss was instrumental in Ailes' eventual resignation. For two decades O'Reilly has ruled the "no spin zone" with cable news' most popular show, and his ratings had never been higher. "I am very proud to have stood with my courageous clients who stood up for themselves and all the silenced women".

On Wednesday, after a number of Twitter followers thanked her for coming forward previous year, setting off a chain of events that led to the ouster of Ailes and O'Reilly, she thanked them back.

O'Reilly announced he was taking a break from his long-running show on 11 April (17).

Carlson's current 9 p.m. slot will be filled by the panel talk show "The Five", which will be replaced at 5 p.m. with a new show hosted by Eric Bolling, now a co-host of "The Five" and a frequent fill-in host on "The Factor". "He's been the linchpin" of the lineup, said Jane Hall, an American University professor and former Fox contributor, who noted that it will take a while to see whether his loyal audience sticks with O'Reilly's replacement.

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