After Current TV unceremoniously dumped Keith Olbermann on March 30, the cable news star threatened he would take legal action against the network, to whom he was bound via a massive five-year contract.
Olbermann has made good on his word, filing official papers on Thursday, April 5 saying he was wrongfully terminated as host of “Countdown.” According to TMZ, Olbermann is suing Current TV for breach of contract, sabotage and disparagement — he says the network owes him around $70 million dollars.
The anchor alleges in his lawsuit, “After being enticed to leave MSNBC and come to Current with promised 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 [network owners] Al Gore, Joel Hyatt and the management of Current are no more than dilettantes portraying entertainment industry executives.”
At the time of Olbermann’s firing, Current TV said in a statement that the reason he’d been let go from his five-year, $50 million contract is because he failed to honor its terms. “Current was founded on the values of respect, openness, collegiality, and loyalty to our viewers. Unfortunately these values are no longer reflected in our relationship with Keith Olbermann and we have ended it,” the network says in a letter to viewers.