"It is tremendously disheartening that we part ways due to completely unfounded claims", O'Reilly said.
NY magazine reported Wednesday, based on unnamed sources, that Rupert Murdoch and sons James and Lachlan, who run Fox parent 21st Century Fox, had decided that O'Reilly was out and executives were planning the exit.
Bill O'Reilly is being forced out of Fox News (NASDAQ:FOXA) following claims of sexual harassment against the host.
Despite its supposed "zero tolerance" policy regarding sexual harassment, more allegations have piled up against both Ailes as well as O'Reilly, and one has to wonder how long it will be before other aspects of 21 Century Fox's business will be affected by the internal crisis at Fox News. The news of his departure from Fox comes on the heels of an exodus of advertisers from his show's time slot. Two more women have since come forward with torrid stories, including an African-American woman who claims O'Reilly called her "hot chocolate", and a Los Angeles radio host who says O'Reilly denied her a job after she rejected his advances.
O'Reilly - the network's signature talent who used his cable news fame to become a best-selling author, live tour attraction and TV producer - has been off the air since April 12.
"I think a lot of numbers are being overreported in terms of what the ad revenue is from O'Reilly's show", DiClemente told CNBC.
"I understand how hard this has been for many of you", Rupert Murdoch said in a memo to Fox staff.
Fox said that Tucker Carlson will take over O'Reilly's 8 p.m. timeslot. With a profit center gone, 21st Century Fox stock fell nearly 1 percent Wednesday in heavy trading.
Rupert Murdoch and his sons James and Lachlan, who run 21st Century Fox, made the announcement Wednesday afternoon.
For what it's worth, I appeared on "The O'Reilly Factor" three times over the years, most recently in 2015 about manufactured leftist anarchy in Ferguson, Missouri.
Longtime Fox critics don't see it. Fox News has a "culture of harassment that did not start and does not end with Bill O'Reilly", said Rashad Robinson, executive director of the activist group Color of Change, which pressured advertisers to leave his show.
It's unclear if Fox will have to pay O'Reilly some form of severance.
Kasowitz also said "irrefutable" evidence would soon reveal "that the smear campaign is being orchestrated by far -left organizations bent on destroying O'Reilly for political and financial reasons".
Vatican spokesman Greg Burke confirmed O'Reilly was in the VIP section Wednesday.