Bill O'Reilly goes on vacation after sexual harassment scandal

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Sources also tell Sherman that there's a possibility that O'Reilly's Tuesday night show could be his last.

A week after it was reported that Fox and O'Reilly paid $13 million to settle sexual harassment claims against the 67-year-old television host from five women in allegations dating back to 2002, O'Reilly is taking a vacation.

At the end of his top-rated show The O'Reilly Factor, the host said he scheduled the trip last fall.

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O'Reilly spokesperson Mark Fabiani told CNNMoney that O'Reilly would return to the program on April 24, and in his absence, a series of rotating hosts would anchor the show. NY magazine's Gabriel Sherman, who wrote a book about former Fox News chief Roger Ailes, reported on Tuesday that 21st Century Fox CEO James Murdoch wants O'Reilly to step down for good.

The network's parent company, 21st Century Fox, said earlier this week that it has enlisted an outside law firm to investigate sexual harassment claims against O'Reilly, after one of the host's accusers called the corporate hotline to repeat her allegations.

The holiday follows a wave of companies pulling advertisements from O'Reilly's prime-time show, the cable news channel's biggest.

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As O'Reilly prepared to introduce Fox correspondent Rob Schmidt to talk about the situation, he chuckled and said, "I shouldn't be laughing, but it's just so freakish". While advertisers may be fleeing Bill O'Reilly's "no spin zone" on Fox News Channel, viewers are remaining loyal.

Instead, Bill O'Reilly gets to take his little two-week vacation, go out, enjoy himself. More than 60 advertisers publicly confirmed last week that they would not advertise during "The O'Reilly Factor". They pay a lower price to advertise on Fox News, but in exchange give the network greater flexibility as to when their ad runs. The report detailed harassment allegations from Walsh, who said O'Reilly didn't deliver on a verbal job offer after she rejected his sexual advances.

Andrea Tantaros, another former Fox News host, had accused O'Reilly in a lawsuit previous year claiming he and other executives of the network had made sexual advances toward her, according to reports.

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As the New York Magazine story points out, a similar disagreement took place in the Murdoch house last summer, with James Murdoch wanting Fox News CEO Roger Ailes to be fired and Rupert Murdoch preferring to keep him around.

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