Current TV cans Olbermann, will replace him with Spitzer
Even Al Gore couldn't stand him. And meanwhile, Rush Limbaugh remains gainfully employed.
[QUOTE][B]Current TV cans Olbermann, will replace him with Spitzer[/B]
Posted: 5:06 PM, March 30, 2012
More Print SAN FRANCISCO — Current TV announced Friday it has fired Keith Olbermann and will replace him with former New York Gov. Eliot Spitzer.
A statement from the network's founders Al Gore and Joel Hyatt said it had been 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."
The statement said Spitzer would take over Olbermann's 8:00pm ET time slot effective immediately, beginning Friday night.
It was unclear what caused Current to part ways with the brash TV host, who helped build up the MSNBC brand while serving as the chief evening news anchor at that network from 2003-2011.
Politico said Olbermann was reportedly fired for failing to show up to work, "sabotaging the network" and attacking Current executives, according to a source.
The left-leaning network, launched in 2005, indicated that Olbermann had failed to honor the terms of his five-year, $50 million contract, according to The New York Times.
But Olbermann defended himself against the claims by Current and threatened legal action in a statement released on Twitter.
"It goes almost without saying that the claims against me implied in Current's statement are untrue and will be proved so in the legal actions I will be filing against them presently," he wrote.
"The truth of the ethics of Mr. Gore and Mr. Hyatt will come out," he wrote, calling his decision to join Current TV in 2011 as "a sincere and well-intentioned gesture on my part, but in retrospect a foolish one."
Spitzer, who served as New York's governor from 2007-2008 before resigning following a prostitution scandal, briefly had his own cable show on CNN before it was canceled after nine months.[/QUOTE]Read more: [url]http://www.nypost.com/p/entertainment/tv/current_tv_fires_olbermann_will_FFFwVAQ0R814uSbYYFzP8H#ixzz1qeLDJZls[/url]
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The depths of Despair.
[QUOTE=Ernie;4423249] The left-leaning network, launched in 2005, indicated that Olbermann had failed to honor the terms of his five-year, $50 million contract, according to The New York Times.[/QUOTE]
Politics aside..you get a gig making 10 mil. per for five years...to talk.
[QUOTE]Just days after he was fired from Current TV, Keith Olbermann admitted Tuesday he "screwed up."
Speaking to CBS' "The Late Show with David Letterman" Olbermann conceded he had contributed to his own demise, according to excerpts from the pre-recorded interview due to screen later Tuesday night.
"I screwed up," Olbermann said after Letterman asked whether Current TV executives, including the cable network's co-founder, former Vice President Al Gore, knew what they were doing.
"I screwed up really big on this. Let's just start there. I thought we could do this. It's my fault that it didn't succeed in the sense that I didn't think the whole thing through."
Speaking to Letterman, Olbermann suggested the network was not capable of supporting him and his show.
"I didn't say, 'You know, if you buy a $10 million chandelier, you should have a house to put it in. Just walking around with a $10 million chandelier isn't going to do anybody a lot of good, and it's not going to do any good to the chandelier,'" he said.
"And then it turned out we didn't have a lot to put the house on to put the chandelier in, or a building permit, and I, I should have known that. And it is, it is my fault at heart.
"You're the chandelier?" Letterman asked.
"I'm the chandelier," Olbermann responded. "You are always pointing out how big my head is, so I think it's a suitable analogy."
On Friday Current TV announced it had fired the former top-rated MSNBC host and would replace him with former New York Gov. Eliot Spitzer.
The left-leaning network, launched in 2005, indicated that Olbermann had failed to honor the terms of his five-year, $50 million contract.
In the wake of his threatened legal action, Letterman asked Olbermann if he would see all the money from his contract, The Hollywood Reporter said.
"Well, up to last Thursday I got my money," he said. "The nice judge will decide whether or not I get more of my money."
He also addressed media reports his complaints about car services may have contributed to his dismissal.
"The story is that we changed car services a couple times. I got rid of them. Maybe there were like eight different car services," Olbermann told Letterman.
"The problem that's left out of that side of the story was that in at least one occasion, the car service stopped coming to get me because the bill hadn't been paid."
He said he also suspected bill-paying tardiness was the reason the lights went out during his show on more than one occasion.
"I don't think we paid the electric bill," Olbermann said, adding, "I come back from a commercial break and they started to get brown. They started to get dimmer and I thought, 'Here it comes. Mom always said this would happen.'"