Bill O'Reilly will not be returning to Fox New Channel amid a flurry of sexual harassment allegations, 21st Century Fox announced on Wednesday.
The host of "The O'Reilly Factor" was let go after a 21-year run during which he dominated cable news ratings.
NBC obtained an internal memo from 21st Century Fox that was signed by Rupert Murdoch and his sons, Lachlan and James, which read, "After a thorough and careful review of the allegations, the Company and Bill O'Reilly have agreed that Bill O'Reilly will not be returning to the Fox News Channel."
"By ratings standards, Bill O'Reilly is one of the most accomplished TV personalities in the history of cable news. In fact, his success by any measure is indisputable," the statement continued. "Fox News has demonstrated again and again the strength of its talent bench. We have full confidence that the network will continue to be a powerhouse in cable news."
The key issue that executives are mulling over is whether or not O'Reilly will get to say goodbye to his audience, New York Magazine reported Wednesday morning.
"Fox executives are leaning against allowing him to have a sign-off, sources say. The other main issue on the table is money," the magazine reported.
Earlier in April, Fox had multiple brands pull advertisements from his show after O'Reilly was accused of sexual harassment by co-workers.