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Keith Olbermann

Sues Current TV

You Owe Me Roughly $70 Mil

4/5/2012 1:38 PM PDT BY TMZ STAFF
EXCLUSIVE

0405_oberman_doc_launch
Keith Olbermann has just sued Current TV ... claiming the network violated his contract, torpedoed his show ... and still owes him up to $70 million in unpaid compensation.

In the lawsuit, filed in L.A. and obtained by TMZ, Keith says, "After being enticed to leave MSNBC and come to Current with promise of editorial control, freedom from corporate influence and the professional support to produce a high-caliber political commentary show of the type his viewers have come to expect, Keith Olbermann was disheartened to discover Al Gore, Joel Hyatt and the management of Current are no more than dilettantes portraying entertainment industry executives."

Olbermann claims his "public termination" last week was "the latest in a series of increasingly erratic and unprofessional actions undertaken by Current's senior management."

Keith alleges Current was so dysfunctional and broke after the network's first 8 months on the air, Current "still couldn't manage to, literally, keep the lights on."

Olbermann is suing for breach of contract, sabotage and disparagement.

In the suit, Keith lists the following gripes with the network:

-- broadcasting ads containing Keith's image without his consent
-- using guest hosts for "Countdown" without Keith's approval
-- refusing to give Keith editorial control over special election coverage
-- disclosing the confidential terms of his contract
-- linking Keith's name and goodwill with corporate endorsements without his consent
-- disparaging Keith publicly
-- refusing Keith's request to stream segments from his show on his website
-- refusing to invest resources in the show

The lawsuit also contains a reference to an email from Current TV President David Bohrman, in which Bohrman admits "the 33rd street studio [where Keith's show was filmed] is never going to be a professional facility. We are paying for a Porsche [the studio] and getting a Yugo [a notoriously crappy car]."

In his suit, Olbermann claims Current still owes him between $50 million and $70 million worth of cash and equity compensation.

After he was fired, Olbermann complained about how Current TV was being managed while he worked for the network -- telling David Letterman, Current was a "ragtag operation" that couldn't afford him.

Al Gore -- the network's co-founder -- released a vague statement after firing Olbermann, claiming they let Keith go because he was disrespectful and disloyal to viewers.

74 COMMENTS

No Avatar
31.

really    

I will pay you $1.32 an hour to scrub the freckles outta my underwear you humorless DOUCHE.....

876 days ago
32.

USArmy    

Olbermann paid to produce a high-caliber political commentary show? Are you kidding me? One way street political show maybe. High-caliber - no way. He is a joke but I don't mind him going after the other joke - Al Gore.

876 days ago
33.

Dusty     

Man Up You, Pansy

876 days ago
34.

Jay W.     

Keith Olbermann... narcissism at its finest !

876 days ago
35.

karlew    

70 mil? This flake could live 70 million lifetimes and still not be worth that much. Give the baby a popsicle and send is whiney ass outside to play.

876 days ago
36.

Mary P    

So he gets fired from MSNBC and now says he was stupid enough to be lured... and his argument is that he should be paid for the contract for a job he loathed and would have quit? Yeah... that's liberal greed. And wasn't he bashing the GOP for being greedy about money and the whole "self-interest" thing? Wouldn't it be more beneficial to have MORE liberal agendas on TV, but he'd rather sink they for profit rather than the party he claims to represent?


Seems counter productive.

876 days ago
37.

B    

who is Keith Olbermann, and why is he worth $70 million dollars? Clearly I spend too much time on NetFlix.

876 days ago
38.

wingedmonkey    

hey Keith!! after a few networks....maybe it's you jerkoff!!

876 days ago
39.

Spencer B in MD    

Ahhhh - this is SO SWEET. I'm savoring this moment. A "Win-Win" so to speak. 2 A-holes trying to out-a-hole one another. What a great thing. Savor the lawsuits....

876 days ago
40.

PatinNJ    

Now THAT is a limousine liberal!

876 days ago
41.

en Todo Momento!!    

+ 40 acres AND A MULE!!! *WINK!WINK!!* :DD

876 days ago
42.

Fallopia Lopez    

My guess would be that even Olbermann's family will eventually detest him. The guy never quits being a complete ****.

876 days ago
43.

reddancergal    

Keith, mate, Current has called and they said you left your baby rattle behind.

876 days ago
44.

cozycall    

Since where on God's green earth did Olbermann ever get the notion he was worth 70 mil? that's a hoot he's not worth 70 cents!

876 days ago
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