Roger Ailes Is Out as CEO of Fox News

It's official.

Screen Shot 2016-07-21 at 5.50.44 PMAfter days of speculation, it’s finally official: Roger Ailes is out as CEO of Fox News. Rupert Murdoch, all 85 years of him, will assume the role of chairman and CEO of Fox News and Fox Business on an interim basis.

The end of Ailes began with Gretchen Carlson’s sexual harassment lawsuit. Since that was filed about two weeks ago, more than 20 other women have come forward to accuse Ailes of harassment. In short, despite what Ailes had done for Fox News and how much money he could still make for the company, Murdoch and his sons James and Lachlan had no choice. The man had to go.

In a statement, Rupert Murdoch did his best to sound like everything was fine. “Roger Ailes has made a remarkable contribution to our company and our country,” said Murdoch. “Roger shared my vision of a great and independent television organization and executed it brilliantly over 20 great years.”

While no one is sure quite what Ailes will leave Fox News with, the rumor is that he’ll get the $40 million that was left on his contract.

Imagine that. Getting paid millions because you were forced to resign for (allegedly) sexually harassing dozens of women.