Sarah Palin's contract with Fox News not renewed

Sarah Palin, former governor of Alaska and vice presidential candidate, is parting ways with Fox News.

Her contract as a paid contributor has not been renewed with the cable news channel, reported the New York Times. A statement from an executive vice president at Fox, Bill Shine, read, “We have thoroughly enjoyed our association with Governor Palin. We wish her the best in her future endeavors.”

RealClearPolitics reported that a source close to Palin said she was offered a contract but declined it.

As of last week, she and Fox were negotiating a possible new contract. She reportedly received $1 million per year as part of her former contract, although "Fox almost surely offered a lesser amount to Ms. Palin in the recent negotiations," said the Times.

Relations between Palin and Fox CEO Roger Ailes have been rocky, reported the Huffington Post, and Ailes allegedly has privately called her "stupid."

[Image via AFP]