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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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46.

TJ in MO    

shows how big of a douche bag KO is...it's worth THAT MUCH MONEY just to get him to go away....your bath awaits, sir

1336 days ago
47.

Murf    

I think the people in the unemploymnet line are going to cry for Keith and his low severance package. On the way to work today I heard that the unemployment rate went down - yea - because they threw everyone who was on it off. Poor Keith has to settle for peanuts. Why not donate it all to a good cause Keith you were certainly never worth that kind of money. My taxes went up $1,200 a year with the increase in the Illiois State Tax and the increased in federal tax. We all cry for Keith and his low severance package.

1336 days ago
48.

Jeff Becker    

I love the hypocracy of the left. The whine about the wealthy not paying enough , yet when it is them who are the wealthy all they have to do is sit down and cut a check to the government on their own. But NO, unless everyone does they do not. People, quit looking for the government to help you. Help yourself og go find a non-profit or church for assistance. You might just learn something.

1336 days ago
49.

Emerson    

Oh no! Now that he's gone who'll be a monster to everyone he deals with yet be held up as a great person by those who share his political bitterness and anger?

1336 days ago
50.

dfdfd    

This guy has to have the greatest agent in the universe. Either that or NBC is as stupid as they always look. How in the world can a no-talent Communist hack that couldn't even handle talking about sports all day land a multi-million dollar contract like that when reruns of 'Friends' that air in the middle of the afternoon destroy his ratings 5 to 1?

1336 days ago
51.

Ellie Ebbs    

I cannot wait for Keith Olbermann's return to broadcasting as he possesses an all-too-rare combination of great intelligence and relevant analysis along with the ability to deliver that analysis in a very understandable way. Thus, he has earned every penny of his compensation.

1336 days ago
52.

bucky    

Keithy Obamaboyy and his butt buddy, Lawrence O'Donell; millionaire socialists! for any reader who doesn't understand how phony and hypocritical that is, you need to keep voting for libturds, wearing your tin-foil hats,sucking at the Federal Teat and ,by all means, keep watching TMZ and the Jerry Springer show, you have an I.Q. somewhere around 78

1336 days ago
53.

poonhok    

Anyone getting their news from this brainwashed anti-American blowhard can't be very bright.

1336 days ago
54.

growup    

ah, so when people in the media talk about the "greedy, evil, rich" they are talking about Keith Olbermann.

1336 days ago
55.

Rachel    

The longer this blowhard stays off the air the better. He's nothing but a liberal loon. I'm sure O'Reilly, Hannity, Rush & Palin are all laughing their butts off over him being fired. Karma sometimes has the last laugh.

1336 days ago
56.

Rottweiler    

Hopefully since he is one of the "rich" people that the progressives all slather about maybe he can pay 55% more tax to Obama? Oh that's right the greedy GOP stopped him from having to pay an increase in taxes for another two years. I am glad this dolt with his rhetoric of hate, anger bashing, carotid bursting diatribes finally called it quits. I wish he would have taken the Bell's palsy hippie Maddow with him. I am tired of watching them on the stairmaster at the Gym, muted, her with her mouth twisted and talking from only one side and his contorted wreck of a sour-puss face insulting only conservatives.

1336 days ago
57.

GarandFan    

Wow! So Keffums lied to his fans - that the whole deal was a BIG SURPRISE!

Hey Keefums! Obama has a question: "When is enough (money), enough?"

Care to answer that?

1335 days ago
58.

tess    

Keith's favorite story should be the
one on: THE DAILY PEN. a Hawai'i
paper that tells the story of how
OBAMA fooled the entire country and
thus became President.
Long but very good, informative read.

1335 days ago
59.

NotoriousRambo    

I like watching Keith's show it is very informative and is very straight forward unlike Fox News which many of you foolishly watch even though you know you are being lied to makes me think of the war in Iraq a war started basically on lies and was proven so yet we continue to fight there JUST DOESN'T MAKE ANY SENSE.

I respect Keith's journalism so much that I got hooked onto his show i was flipping through the channels a year and a half ago seeing what all the major news networks are talking about off course Fox news just made me switch the channel right away then same thing happened with CNN but not as swift as fox I then turned to MSNBC watched the whole episode of "Countdown With Keith Olbermann" and was immediately hooked not only can I see the true sense of journalism from this guy I can also see what he was bringing to the show was the Truth something foxnews is the opposite of.

I am very disappointed with Keith's decision cause hes one of the last few real journalists around that will tell it like it is much less so with Jon Stewart who although chooses the satirical route with his show yet he tell you the news without covering up the truth like foxnews yes foxnews. One thing that comes to mind that may be the reason for his sudden unfortunate departure might be the Gabrielle Gifford's shooting and the not surprising post response from our very patriotic politicians. I couldn't be more disgusted when Sarah Palin and the likes thereof acted like they had no accountability for what happened even though she proudly used terms like RELOAD! I can see why Keith might not want to be any part of such a corrupt and atrocious system of government where blame is passed onto each other instead of claiming accountability like Keith did and surprisingly John McCain. Although they are not directly responsible for the Arizona shooting they stood up and said something out of their hearts instead of their behinds like Sarah Palin, Glenn Beck, & Rush Limbaugh have been doing.

I wish Keith all the best kind of like how i did the same with Dan Rather who was also a journalist I had huge respects for its a shame how we just keep sinking deeper and deeper into the abyss where the truth is very hard to come by its all up to Jon Stewart Now.

1335 days ago
60.

JOHNVALERIANO    

KEITH OLBERMAN IS A GIANT IN THE NEWS BUSINESS HE IS THE LIBERAL ANSWER TO IDIOTS LIKE RUSH LIMBOUGH SEAN HANNITTY AND THE MENTALLY DERANGED BECK ITS A DIRTY SHAME A CO. LIKE COMCAST USES ITS FINANCIAL POWER TO SILENCE A GREAT VOICE LIKE KEITH OLBERMAN REMINDS ME OF HITLER BURNING THE BOOKS AND KILLING HIS CRITICS FOX AND COMCAST WILL FALL OLBERMAN AND DEMOCRACY WILL PREVAIL

1335 days ago
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