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Keith Olbermann -- The Rich Get Richer

1/24/2011 10:45 AM PST BY TMZ STAFF

Keith Olbermann scored an even sweeter exit package than previously reported. Sources connected with NBC tell us Keith is pocketing "well in excess" of $7 million.

Keith Olbermann
Sources tell us ... Olbermann was due for two salary hikes during the last two years of his contract, which would have netted him just over $17 million. The exit deal, we're told, gives Keith much more than $7 million, though our sources would not be more specific.

And we're told ... Olbermann agreed as part of his exit deal not to do television, but our sources say he'll be benched for less than 4 1/2 months. Conan O'Brien had to sit out twice that amount of time.

And speaking of Conan, we're told attorney Patty Glaser, who negotiated Conan's exit from the same network, did the heavy lifting for Keith, along with his agent and manager.  We're told negotiations for the exit went on for seven weeks.


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72 COMMENTS

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31.

juju    

At least Keith never shilled a coffee mug, doormat, or book on his show.

That's the reason I can't watch the FOX nighttime lineup. Hannity, Beck and O'Reilly are always trying to sell you something to line their pockets. And the gullible and ignorant buy it like good little sheep.

And the FOX commercials for "72 hour packs" are a hoot!! They are some kind of "end of the world" kits that FOX must think we all need because Obama is going to kill us all.

FOX - fake news for the truly paranoid.

1278 days ago
32.

mary    

well lets see how many of you dumb asses can make 7 millions a year ..just keep watching FIX news...can't wait for Keith to come back..and he will

1278 days ago
33.

linda    

Where is your flag for offensive comments? I believe in free speech, but seriously! Such content needs a content warning or something! And before breakfast even, sheesh!

Oh yeah, Keith ROCKS!! Can't wait to see his next move!

1278 days ago
34.

Politico Pablo    

Good for him, he earned it. He can now take a 4 month vacation with his 28 year old girl friend and enjoy.

1278 days ago
35.

chewnut    

circular economics... all reporters never get the financial picture right... $7 M after overhead and splits.. is about 4m.
then income, gift and estate tax about 3m.
so net 1m.. and the way oberman spends money with that mouth and lawsuits to follow for defamation... the remaining M goes to the lawyers..
net net net.. ZERO..

1278 days ago
36.

ic    

He is worth every penny of it and is the only one that tells the truth about these Republicans who brought us into this world wide mess with Bush..so many people forget but I don't...and he will be back soon enough maybe Oprah will put him on her program as he needs to be out there to warn us all of the deceit in government now that the right is back.

1278 days ago
37.

Rex    

Good riddance!

1278 days ago
38.

Ken    

He's making Michael Moore money!

1278 days ago
39.

CelebrityScum    

Pretty good money for a mentally ill egotist.

1278 days ago
40.

hihat    

These celebrity compensation packages -- and I include sports figures here as well -- have gone past obscene into the realm of shame and disgrace. Clowns like Olbermann get seven-figure deals for leaving a company without unhinging the front door on their way out, and regular folks can't find a job because the work has been outsourced to third world countries. THIS HAS GOT TO STOP!!! The only way I can think to do this is to stop watching their programs, attending their events, and buying their products. Turn off the frigging TV and radio. Maybe if enough of us said, "we've had enough" -- things would start to turn around. Until then, we serfs will look back with envy toward the Gilded Age of the late nineteenth century when robber barons held sway...

1278 days ago
41.

Lori    

SERIOUSLY?...Again with the LIPLESS WONDER OLBERMANN?

I will ask this question until it is answered:

WHO AT TMZ HAS A BIG OLD MAN CRUSH ON THIS D O U C H E?

Get help buddy...

1278 days ago
42.

Missy    

Terrible loss for the network. And he deserves that money. It just makes no sense to fire your #1 guy. I like the others in the lineup, but none are as good as he. Hope he'll be online. For entertainment & well-researched commentary, he was the best.

1278 days ago
43.

Ricknnc    

So...is Oldermann ready to re-distribute some of that wealth??

1278 days ago
44.

NORMA JENKINS    

COMCAST BIDED ITS TIME UNTIL IT COULD GET RID OF A COMMENTATOR W/INTEGRITY - NOW WE WILL GET MORE OF FOX KIND OF BS ON MSNBC - ALL OF THE CABLE "NEWS" SHOWS SHOULD BE CHANGED TO CABLE "ENTERTAINMENT" SHOWS - ALL SPOUT OPINIONS NOT FACTS - MSNBC TO HELL WITH YOU

1278 days ago
45.

Kennedy    

Keith = epic fail... He talks a big liberal game but as we can see its all hot air.. Keith if you are a true social warrior take that paycheck and follow what you have been preaching and donate it to poor.

1278 days ago
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