CNBC: Bill O'Reilly is out at Fox News, parent company 21st Century Fox said in a statement on Wednesday.
"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," the company said.
In an internal memo obtained by NBC News, Fox said the decision was made in collaboration with outside counsel.
"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. 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 memo said.
The memo, signed by Rupert Murdoch and his sons, Lachlan and James , also reiterated Fox's "consistent commitment to fostering a work environment built on the values of trust and respect."