News

Keith Olbermann, Current TV Reach Settlement: Olbermann Receives $5 Million From Termination Lawsuit

By Staff Writer | March 14, 2013 02:26 PM EDT

Keith Olbermann and Current TV have reached a settlement one year after Olbermann was fired by the network.

Olbermann responded with a $50 million lawsuit after his termination in 2012. Matthew Sheffield of Newsbusters.org calls the lawsuit “a classic example of a liberal-on-liberal fight.”

Like Us on Facebook

In a statement sent Wednesday, both parties say that the terms of the settlement are confidential, the Associated Press reports.

However, the New York Post says that Keith Olbermann and attorneys representing the former owners of Current TV said the deal will give Olbermann a $5 million payout, or ten percent of the $50 million he demanded in his lawsuit.

Keith Olbermann was fired last March, as a host and executive at the progressive cable network. After his termination, Olbermann sued, claiming Current violated his agreement and engaged in shoddy production values. Current’s countersuit accused him of breaching contract, one of which is taking vacation without notice.

The at-times volatile host came to Current in June 2011 after an eight-year stint at MSNBC, where he hosted 'Countdown with Keith Olbermann'. He abruptly left the network on January 21, 2011.

Current, which was co-founded by former U.S. Vice President Al Gore, is now being acquired for $500 million by Al-Jazeera, which is owned by the government of Qatar.

Tagged :  world news

Featured

Comeback / Teaser / Music Video 08.31.15 | 04:04PM EDT

FTISLAND's Lee Hongki Criticizes FNC Entertainment For Not Promoting New Single 'Puppy' Appropriately

The band's lead singer vented his frustration on Instagram, calling his record label "dirty and cheap."

Comeback / Teaser / Music Video 08.31.15 | 01:35PM EDT

Tablo And Joey Bada$$ Announce Upcoming Collaboration Song 'HOOD'

Epik High's Tablo and American hip-hop artist Joey Bada$$ revealed the cover and teaser for their upcoming collaboration "HOOD" due out on Saturday.

Comeback / Teaser / Music Video 08.31.15 | 09:55AM EDT

Ladies' Code To Release 2 Tribute Tracks In Memory Of Deceased Members EunB And RiSe

The two songs will be released on September 3 and 7, marking the anniversary of the passing of their band mates.

Comeback / Teaser / Music Video 08.31.15 | 09:50AM EDT

EXO To Kick Off Official Japanese Promotions In November With Single, Concerts In Tokyo And Osaka

The group will release their first Japanese single on November 4 and then perform several concerts in the country.

KpopStarz Is Looking For Enthusiastic Entertainment Contributors Reach Millions On The Web.
Real Time Analytics