The problem is, this simply isn't the case.
If, in point of fact, O'Reilly's show dispensed even a portion of the "facts" that he claims he distributes to his viewing audience, the Malmady Massacre of WWII would have been perpetrated by the Allied Forces, Sean Hornbeck would have had a great time being sexually molested, and every other black-owned restaurant would be managed by T-Pain, Ludacris, and Akon.
We let Bill keep this notion, as it leads to fantastic material almost every night.
However, the flip-side to all this is that Rupert Murdoch and Roger Ailes - O'Reilly's bosses - don't have a very high opinion of the self-proclaimed Master Of The No Spin Zone.
Michael Wolff’s upcoming biography of media mogul Rupert Murdoch, “The Man Who Owns The News,” paints a not-so-flatering portrait of how Murdoch and Ailes view O'Reilly:
“It is not just Murdoch (and everybody else at News Corp.’s highest levels) who absolutely despises Bill O’Reilly, the bullying, mean-spirited, and hugely successful evening commentator,” Wolff wrote, “but [Fox News chief executive] Roger Ailes himself who loathes him. Success, however, has cemented everyone to each other."
“The embarrassment can no longer be missed,” Wolff wrote, in another section of the book. “He mumbles even more than usual when called on to justify it. He barely pretends to hide the way he feels about Bill O’Reilly. And while it is not that he would give Fox up—because the money is the money; success trumps all—in the larger sense of who he is, he seems to want to hedge his bets.”
More here from Micheal Calderone @ Politico
Much in the same way that a the "pretty-girl" in high-school will date the guy that has the money, the car, the popularity, Murdoch is hanging on to O'Reilly simply because he delivers ratings.
It seems that O'Reilly is in a serious state of denial.