While at Fox, Kelly's accusations of unwanted sexual advances by the network's late chief executive, Roger Ailes, helped lead to his firing. The talk show premiered with a controversial interview with the cast of Will & Grace.
All three roles quickly fell apart as Kelly struggled with attracting viewers and became embroiled in a number of controversies.
After months of flagging ratings for her show, Megyn Kelly Today, the network eventually removed the host after she wondered on air why blackface was considered inappropriate, during a segment on Halloween costumes. She delivered a tearful mea culpa to fans the next day, but three days later, NBC announced that Megyn Kelly Today had been canceled.
Kelly's last appearance on Today was on October 24, when she apologized for her remarks that occurred during a panel discussion about Halloween the day before. "Because you do get in trouble if you are a white person who puts on blackface on Halloween, or a black person who puts on whiteface for Halloween. Like back when I was a kid it was okay if you were dressing up as a character".
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The deal is reportedly valued at $70 billion, but no amount has been confirmed by the companies. The audit was carried out by Dallas-based consultancy DeGolyer and MacNaughton.
She then defended a white reality star who dressed as singer Diana Ross, saying, "I felt like, who doesn't love Diana Ross?" "Today" loyalists were furious that fan favorite Tamron Hall was shown the door to make room for Kelly.
She will be replaced in the third hour of "Today" by anchors Craig Melvin, Al Roker, Dylan Dreyer and Sheinelle Jones, NBC said.
NBC hired Kelly in January 2017, beating out several networks that had expressed interest in the FOX News star. During her hour of the show, Kelly started off with an extended apology and said it was "wrong" of her to defend blackface costumes.
Terms were not officially disclosed, but CNN and NBC News reported that she will be paid in full for the time remaining on her contract, receiving a payout of up to US$30 million (NZ$43.9m).