Tv, Current Tv | featured news

Keith Olbermann’s legal war against Al Gore, Joel Hyatt and Current TV is olber. Um, over. The perennially prickly anchor has reportedly settled the $50 million lawsuit he filed upon his termination from Current one year ago. Deadline Hollywood says Olbermann will walk away with a “significant payout,” but the exact amount won’t be known until someone leaks it.

Post-vice presidential life has been very good to Al Gore. Thanks to the $500 million sale of his liberal news station Current TV to Al Jazeera this month, Gore now has a personal fortune of $300 million, Forbes magazine estimates. That puts him ahead of Republican presidential contender Mitt Romney, whose estimated $230 million left him vulnerable to charges that he was out of touch with the common man.

Current TV has fired back at Keith Olbermann by countersuing its former host and asking a judge to rule he is not entitled to any more money from the network.

Keith Olbermann is moving his grievances with his former bosses at Current TV from the airwaves to the courtroom, suing the network for more than $50 million and blasting it for what he claims were shoddy production values.

(Reuters) - Al Gore's Current TV has bigger problems to deal with than a potential lawsuit from fired news anchor Keith Olbermann - namely not getting kicked off Time Warner Cable for low ratings.

Days after a very public termination from the Current TV network, controversial on-air personality Keith Olbermann admitted he "screwed up," in an appearance on "The Late Show with David Letterman" Tuesday evening.

Current TV's co-founders, including former Vice President Al Gore, announced Friday that the network has ousted its highest-profile on-air personality, Keith Olbermann. "Current was also founded on the values of respect, openness, collegiality, and loyalty to our viewers," Gore and Joel Hyatt wrote in an "open letter" to viewers on Current's website. "Unfortunately these values are no longer reflected in our relationship with Keith Olbermann and we have ended it."

Cable network Current TV says Keith Olbermann will return to the air on June 20.

After weeks of speculation over Keith Olbermann’s next career move, the former Countdown host is set to announce he’ll be moving to Current TV.

Today is another sobering day for the tech and media world. We've heard multiple reports of significant layoffs at Current TV taking place today.