The parties are pleased to announce that a settlement has occurred, and that the terms are confidential. Nothing more will be disclosed regarding the settlement.A joint statement from Keith Olbermann and Current TV • Discussing the settlement the two parties reached in the anchor’s lawsuit against the network. With the network changing hands in recent weeks, it’s possible Olbermann made out like a bandit here, as the lawsuit was for $50 million and the settlement came days after he filed court documents in an effort to receive a summary judgment. But we won’t know for sure unless Olbermann launches his own TV network.
A dozen people in the television business were interviewed for this article, but nearly all insisted on anonymity either for legal reasons or for fear of retaliation by Mr. Olbermann or their employers.The key line from Brian Stelter’s latest piece on Keith Olbermann’s departure from Current TV, which notes that even if Olbermann himself doesn’t stick around on a network, the host has a tendency for setting the tone of the network’s coverage — and inspiring hordes of followers in the process. The piece also talks about the challenges Current TV faces in its efforts to becoming a purely liberal network, suggesting that it’s trying to take the next step from Fox News and MSNBC, which mix news and opinion. Ratings suck, though, though they improved with Olbermann and his fellow anchors.
You can bet the family farm that Olbermann’s tenure at Current will end, sooner or later, the way Olbermann’s tenures usually do: with the host and his network only too happy to be rid of each other.Forbes’ Jeff Bercovici • Offering his take on what the future holds for Keith Olbermann, whose fortunes at Current TV have changed in recent weeks. Olbermann, angry about technical difficulties, is warring with his network again. Bercovici seems to think that it’s the beginning of the end for Olbermann at the network, who hosts the network’s most popular show, but on a network where the ratings are low enough where that doesn’t mean much. We’re willing to give him some more time before we call it done. Either way, it’s clear that he does not call the shots at the network, like he expected to. However, the network’s lineup of talkers — even without Olbermann — is starting to look pretty good, with Cenk Uygur of The Young Turks out of the bullpen and Jennifer Granholm on deck.
Earlier in the day, Keith Olbermann learned that Current TV had benched him for tonight’s Iowa Caucus coverage, choosing to go with other personalities as word of a fractured relationship surfaced. It was in this environment that Piers Morgan decided to throw a verbal molotov cocktail:
Which drew an entertaining response from Current TV:
And a harsh one from Keith Olbermann himself:
And it devolved from there. Mediaite has more.
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