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Keith Olbermann's Exit --

Secret Deal

1/22/2011 10:00 PM PST BY TMZ STAFF

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.

353 COMMENTS

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1.

sugaarloveouz    

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!
_______________

1188 days ago
2.

dd    

Right on Keith u'll be bigger and better!

1188 days ago
3.

mary    

"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.

1188 days ago
4.

sugaarloveouz    

better and better !

________________

1188 days ago
5.

kim    

There goes MSNBC!

1188 days ago
6.

vsmom    

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

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

1188 days ago
7.

mitch rapp    

Keith Olbermann was a s*** bag!

Goodbye Worst Person in the WOOOOOOOOOOOOOOOOOOOOORLD!

1188 days ago
8.

go home!    

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

1188 days ago
9.

CriticAl    

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

1188 days ago
10.

Drivermatic    

That and bad ratings to boot. Seeya Keith.

1188 days ago
11.

Saxxon    

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.

1188 days ago
12.

Home Skillet    

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!

1188 days ago
13.

kimd    

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.

1188 days ago
14.

Dood    

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.

1188 days ago
15.

Dood    

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.

1188 days ago
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