Page Six has reported that Sharon Osbourne got a payday of up to eight figures from CBS as she exited “The Talk” last week amid allegations of racist behavior.
“Sharon is walking away with a $5 to $10 million minimum payout and was able to spin that it was her decision [to leave the show],” the source said.
Under her departure agreement, Osbourne is not only getting big bucks, but she is free to speak out.
“Sharon will talk when she is ready,” the source said. “She still wants to give her side of the story. She has been on that show for 11 years and knows all the secrets.”
CBS announced that Osbourne quit “The Talk” Friday, but did not mention anything over the lawsuit.
Two weeks after she got into an on-air argument with her co-host Sheryl Underwood over Osbourne’s defense of pal Piers Morgan, she was forced to exit.
Piers was forced off his own show in Britain for too strongly attacking Meghan Markle’s interview with Oprah Winfrey.
Page Six exclusively revealed last week that Osbourne had lawyered up, and was being represented by top entertainment attorney Jeremiah Reynolds — and that she “wasn’t going down without a fight … She knows where all the bodies are buried.”
The source Osbourne’s lawyers negotiated a soft statement about her departure from CBS stating, “Sharon Osbourne has decided to leave ‘The Talk,’” the release from CBS read. “The events of the March 10 broadcast were upsetting to everyone involved, including the audience watching at home.”
Page Six exclusively reported that the internal investigation was kicked off when host Elaine Welteroth and her hairstylist complained about an allegedly “racially insensitive and hostile environment” on the show following the March 10 broadcast.
Osbourne tweeted a lengthy apology in which she said she does not “condone racism, misogyny or bullying,” after the incident.
“Everyone’s got an opinion or a story like the wonton story. It’s like f–k off with your f–king wonton story. F–k off,” Osbourne said in an interview with the Daily Mail.
A spokesperson for Osbourne declined to comment on her departure from “The Talk,” and reps for CBS did not get back to us.