or type here...
1/22/2011 3:00 PM PST BY TMZ STAFF
Keith Olbermann's Exit -- Secret Deal

Keith Olbermann saw the handwriting on the wall with the new owner of NBC and cut a deal for his exit that will give him money and options -- sources tell TMZ.

0122_keith_olbermann_getty_ex3
Here's how it went down. Sources familiar with the situation tell us that Olbermann's agent recently went to NBC complaining that Keith -- who has the most popular show on MSNBC -- was underpaid at $7 million per year. NBC execs told Olbermann's agent they would not cough up any more money.

Network execs were well aware that Comcast wanted Keith gone because he was "a loose cannon that could not be controlled." It became clear to both sides that Olbermann's days were numbered and they began negotiating an exit.

We're told the exit deal wasn't completed until just before airtime Friday night.

Under the deal, sources say Olbermann will get money but cannot appear on television for a certain period time -- we don't know how long.

Our sources say Olbermann will, however, reappear soon with a presence on the Internet.


Please check your inbox ... your comment will not appear until you have confirmed your identity via email.

When you enter your name and email address you'll be sent a link via email to confirm your comment. Please keep your comments relevant to this post. Email addresses are never displayed, but they are required to confirm your comments.

To create a live link, simply type the URL (including http://) or email address and we will make the link live for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Reader Comments

(Page 1 of 24) | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments
1.

sugaarloveouz:  397 days ago

We're told the exit deal wasn't completed until just before airtime Friday night. ?
Yeah i agree that finding the perfect match isn’t easy, but you will find him or she when the right time comes.Richfriends.org best place for old or new friends i think!
_______________

Likes 0 Dislikes 0
2.

dd:  397 days ago

Right on Keith u'll be bigger and better!

Likes 0 Dislikes 0
3.

mary:  397 days ago

"Under the deal he cannot appear on television for a certain period of time." Forever would be too soon for this foul loud mouth left wing liberal.

Likes 0 Dislikes 0
4.

sugaarloveouz:  397 days ago

better and better !

________________

Likes 0 Dislikes 0
5.

kim:  397 days ago

There goes MSNBC!

Likes 0 Dislikes 0
6.

vsmom:  397 days ago

PLEASE watch this video
http://www.youtube.com/watch?v=9WYt5EC3oJE

and forward it to everyone you know if you love it!!!

Likes 0 Dislikes 0
7.

mitch rapp:  397 days ago

Keith Olbermann was a s*** bag!

Goodbye Worst Person in the WOOOOOOOOOOOOOOOOOOOOORLD!

Likes 0 Dislikes 0
8.

go home!:  397 days ago

Sorry Keith, keep dreaming. TBS ain't gonna want ya.
Good riddance.

Likes 0 Dislikes 0
9.

CriticAl:  397 days ago

I'm just glad he's gone. O'Reilly wins.

Likes 0 Dislikes 0
10.

Drivermatic:  397 days ago

That and bad ratings to boot. Seeya Keith.

Likes 0 Dislikes 0
11.

Saxxon:  397 days ago

The wacko right wing will love this. No one to call BS on hate radio and hate television with its lies and half truths. The right wingnuts are dancing in the street today.

Likes 0 Dislikes 0
12.

Home Skillet:  397 days ago

Right on! Now, that you've been broken free of the shackles, Keith, you can become an even bigger, more dominant progressive voice with another show somewhere else. We'll watch, for sure! Keep up the great work, man!

Likes 0 Dislikes 0
13.

kimd:  397 days ago

Mr.Olbermann's got goolies so I know he'll be resurfacing as soon as legally possible.And he'll be better than ever.Will miss "Countdown" however.Looking forward to see what Lawrence O'Donnell and Rachel Maddow have to say on Monday.They both basically owe having their own shows to him.Hopefully Cenk from The Young Turks will now get his own show on MSNBC.He deserves it.This may be a blessing in disguise.Good luck Keith.

Likes 0 Dislikes 0
14.

Dood:  397 days ago

First it was Comcast's fault, now it's Olb's choice? Get your story straight TMZ. I wish you were not considered a "news" source by news.google.com so I would quit accidentally clicking on these inane articles that seem to be made up on the spot.

Likes 0 Dislikes 0
15.

Dood:  397 days ago

First it was Comcast's fault, now it's Olb's choice? Get your story straight TMZ. I wish you were not considered a "news" source by news.google.com so I would quit accidentally clicking on these inane articles that seem to be made up on the spot.

Likes 0 Dislikes 0
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around the Web