The Hollywood Reporter says that Current TV and Keith Olbermann have reached a settlement over his high-profile sacking last year. Not surprisingly, the terms of the deal weren’t disclosed. Olbermann and Current released a joint statement to the trade.
“The parties are pleased to announce that a settlement has occurred, and that the terms are confidential. Nothing more will be disclosed regarding the settlement.”
More from THR:
The move comes days after Olbermann filed extensive summary judgment motions (read in full) in advance of a May trial date in Los Angeles Superior Court. Olbermann claims he was improperly terminated without cause from his Countdown show a year into his five-year, $50 million contract with the network. He argues that Current and its co-founders Al Gore and Joel Hyatt also trashed him in the press, used his name and image in connection with a commercial for AT&T and denied him editorial control over specific shows.