BREAKING: Bill O'Reilly OUT at Fox News

Executives at Fox News Channel have fired the popular host today following allegations of sexual harassment, abuse and racial discrimination from former female co-workers.

O'Reilly, 67, who's currently on vacation in Italy, had set to return to the show on April 24.

"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 the Fox News Channel," a 21st Century Fox officials said in a statement.

The situation was spurred by revelations in the New York Times that he and Fox News had quietly paid out $13 million to five women who had accused him of abuse and harassment.

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