Megyn Kelly Officially Exits NBC With $69 Million Contract Intact

LAGUNA NIGUEL, CA - OCTOBER 02: Megyn Kelly speaks onstage at the Fortune Most Powerful Women Summit 2018 at Ritz Carlton Hotel on October 2, 2018 in Laguna Niguel, California. (Photo by Phillip Faraone/Getty Images for Fortune)
LAGUNA NIGUEL, CA – OCTOBER 02: Megyn Kelly speaks onstage at the Fortune Most Powerful Women Summit 2018 at Ritz Carlton Hotel on October 2, 2018 in Laguna Niguel, California. (Photo by Phillip Faraone/Getty Images for Fortune)

Two years after she signed with the network amid much fanfare, Megyn Kelly and NBC have officially parted ways.

The split was announced on Friday ending a drawn-out and acrimonious exit that was put in motion in the fall after Kelly defended Halloween costumes that incorporate blackface during a segment on her 9 a.m. talk show.

“The parties have resolved their differences, and Megyn Kelly is no longer an employee of NBC,” the network said Friday night.

Talks about ending “Megyn Kelly Today” started before the blackface remarks, due to underperforming ratings and growing tensions between Kelly and NBC executives. But the Halloween controversy sealed her fate, according to sources familiar with the matter. Her talk show was cancelled within days, and her lawyer began negotiating the terms of her exit.

Kelly is halfway through a three-year contract worth a total of $69 million — an eye-popping sum even by the inflated standards of television news.

Bowing to the terms of the contract, NBC will pay Kelly the remaining sum of money, believed to total about $30 million, two of the sources said.

Kelly will be subject to an industry standard nondisparagement clause, limiting what she can say about her time at NBC and her interactions with NBC executives. Television contracts typically include language to protect both sides in the event of an ugly breakup.

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SOURCE: Tom Kludt and Brian Stelter, CNN