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Bill O’Reilly is out at Fox News, marking the second high profile ousting of a predatory gasbag at the network in under a year.

His exit comes after the New York Times published a piece a few weeks ago exploring a number of settlements reportedly made by O’Reilly and 21st Century Fox regarding sexual harassment allegations made against him. Following that report, dozens of advertisers pulled out of his show. In an internal memo to Fox News staff, the Murdochs said:

We’d like to address questions about Bill O’Reilly’s future at Fox News. After a thorough and careful review of allegations against him, the Company and Bill O’Reilly have agreed that Mr. O’Reilly will not return to the Fox News Channel.

This decision follows an extensive review done 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.

Lastly, and most importantly, we want to underscore our consistent commitment to fostering a work environment built on the values of trust and respect.

Tucker Carlson will reportedly take O’Reilly’s 8 p.m. slot. As one generation of asshole rises, another will fall. RIP, ya racist old bitch!

Update (5:15 p.m.): Here’s O’Reilly’s statement.