Former Current TV host Keith Olbermann has reportedly settled a $50 million lawsuit with the network, in a deal reached during a private mediation session, according to The Hollywood Reporter’s Hollywood, Esq., which broke the news.
In its version of the story, Deadline.com’s Dominic Patten writes, "While specifics of the agreement are confidential, a source tells Deadline that Olbermann is set to receive a significant payout from Current. The former ESPN and MSNBC anchor’s deal also means it won’t impact the Al Gore co-founded Current’s recent $500 million sale to Al Jazeera. Late last week, in heavily redacted court documents filed under seal in L.A. Superior Court, the former ‘Countdown’ frontman requested an April 24 hearing for a summary judgment to rule in his favor over Current."
According to the THR story, Olbermann and Current both sued each other in April 2012 after he was dismissed from the cable channel. Olbermann claimed he was improperly fired from the network without cause after only one year of his five-year, $50 million contract, the story notes.
Current called those allegations "false and malicious," and claimed that Olbermann failed to show up for work several times, among other issues.