Via Current TV:
To the Viewers of Current:
We created Current to give voice to those Americans who refuse to rely on corporate-controlled media and are seeking an authentic progressive outlet. We are more committed to those goals today than ever before.
Current was also founded on the values of respect, openness, collegiality, and loyalty to our viewers. Unfortunately these values are no longer reflected in our relationship with Keith Olbermann and we have ended it.
According to NYT's Media Decoder, Current TV claims Olbermann did not honor the terms of his five-year, $50 million contract, therefore they opted to terminate it.
Olbermann is vowing to take legal action.
In a stream of Twitter messages, Mr. Olbermann responded to Current’s announcement by stating that “the claims against me in Current’s statement are untrue and will be proved so in the legal actions I will be filing against them presently.”
Tensions between Olbermann and Current TV became obvious in December 2011, as a he-said-she-said type back and forth became public as well as news that Olbermann was carrying on his reputation of being difficult to work with.
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