Friday, December 19, 2014

OLBERMANN WINS SETTLEMENT FROM CURRENT TV

March 13, 2013 by · Leave a Comment 

He clearly won’t be getting the $50 million that he says was due him after Al Gore’s Current TV fired him last April, with more than four years to go on his five-year contract with the cable network, but Keith Olbermann has agreed to a settlement offer following a session with San Francisco mediators on Tuesday. Timing of the mediation was propitious for the liberal commentator; Current is being acquired by Qatar-based Al Jazeera for its new U.S.-focused news channel, and the last thing a new owner wants to take on is a multi-million-dollar lawsuit that it could easily lose. Neither Olbermann nor Current execs have commented on the settlement.