Bill O'Reilly will no longer appear on the Fox News Channel.

In a statement on Wednesday, 21st Century Fox announced that the 67-year-old political commentator will not be returning to the channel, after multiple settlements involving sexual harassment allegations against him were recently disclosed. O'Reilly has denied the allegations against him.

"After a thorough and careful review of the allegations, the Company and Bill O'Reilly have agreed that Bill O'Reilly will not be returning to the Fox News Channel," the statement reads.

NEWS: Alec Baldwin Lampoons Bill O'Reilly and Donald Trump at the Same Time on 'SNL'

O'Reilly has been off the air since April 12, and was originally scheduled to return to his highly rated show, The O'Reilly Factor, on Monday, after what he said was a pre-planned vacation. The longtime anchor has been under fire recently, following aNew York Timesreport earlier this month that he and the company reached settlements with five women who had complained about sexual harassment or other inappropriate behavior by him -- totaling about $13 million -- which caused advertisers to pull out of the show.

O'Reilly had been an anchor at Fox News since 1996.

Beginning Monday, April 24, Tucker Carlson Tonight will take over O'Reilly's 8 p.m. timeslot.

NEWS: Bill O'Reilly Slammed by Shonda Rhimes After Saying Slaves Who Built White House Were 'Well Fed'

In January, former longtime Fox News anchor Megyn Kelly also left the company for a gig at NBC News. Watch below: