MediaKeith Olbermann

Keith Olbermann Settlement: $50 Million Current TV Lawsuit Comes To An End

Olbermann, Current TV Settle
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Senior Editor, HuffPost

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Keith Olbermann and his former employer reportedly settled a $50 million lawsuit out of court on Tuesday, multiple outlets reported.

The broadcaster sued Current TV for $50 million after the progressive network fired him one year ago. Current TV countersued, arguing that Olbermann's lawsuit was "riddled with falsehoods."

Settlement specifics were not disclosed, however a source told Deadline that Olbermann will receive a "a significant payout from Current."

Current TV founder Al Gore recently sold the network to Al Jazeera for a reported $500 million. The Doha-based broadcaster plans to use the channel to launch Al Jazeera America. The network has been searching for office space in New York, the city from which the channel will be based. Most recently, Al Jazeera looked at the former New York Times building on 43rd St.

As for Olbermann, the broadcaster has been reportedly eyeing a return to the anchor seat at the network that made him famous—ESPN. The New York Times reported that Olbermann and ESPN president John Skipper had dinner. According to Skipper, there was no role for Olbermann to assume at the time of the meeting. "When somebody leaves, somebody else fills their place," he said.

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Al Gore and Wife Tipper(01 of36)
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Juan Marichal and Al Gore with Al Gore Jr. III(02 of36)
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Sen. Al Gore Sr. and Sen. Al Gore Jr(03 of36)
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Al Gore(04 of36)
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Al Gore(05 of36)
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Al Gore(06 of36)
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Al Gore and Wife Tipper(07 of36)
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Al Gore(08 of36)
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Gov. Bill Clinton and Sen. Al Gore(09 of36)
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Gov. Bill Clinton and Al Gore(10 of36)
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Gov. Bill Clinton wife Hillary Rodham Clinton Al Gore Tipper Gore(11 of36)
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CLINTON YUGOSLAVIA(12 of36)
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Bill Clinton and Al Gore(13 of36)
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Olympia Snowe, Al Gore(14 of36)
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FILE - In this Jan. 4, 1995, file photo, Sen. Olympia Snowe, R-Maine, re-enacts taking the oath for her first term in the Senate from Vice President Gore, right, on Capitol Hill in Washington. Snowes husband John McKernan Jr., center, holds the Bible during the ceremony. She was officially sworn in with the rest of the Senate on the floor of the Senate. Snowe, who has served 33 years in Congress, released a statement Tuesday, Feb. 28, 2012 saying that she will not run for re-election. (AP Photo/John Duricka, File) (credit:AP)
PAULINE GORE CLINTON(15 of36)
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U.S. Vice President Al Gore(16 of36)
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Bill Clinton, Al Gore(17 of36)
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FILE - In this Sept. 18, 1996 file photo, Vice President Al Gore applauds after President Clinton signs a bill designating 1.7 million acres of land in southern Utah's red-rock cliffs as the Grand Staircase-Escalante National Monument. Some Western lawmakers are pushing for a showdown with Washington over federally-controlled land, picking a fight on an issue that they say puts an economic stranglehold on their states. Republican legislators in Utah and Arizona are leading a charge to hand over control of public territory that makes up much of the West, insisting local leaders could manage it better. (AP Photo/Doug Mills, File) (credit:AP)
Al Gore and Yitzhak Rabin(18 of36)
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Karenna Gore, Andrew Schiff(19 of36)
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FILE - In a Saturday July 12, 1997 photo, photographer Calvin Hayes closes in on newly-weds Karenna Gore and Andrew Schiff outside Washington's National Cathedral after their wedding ceremony. The eldest daughter of Al and Tipper Gore, Karenna, has been separated from her husband, Andrew Schiff for a couple months. Two friends of the family who spoke on condition of anonymity said the couple is seeking counseling. (AP Photo/Karin Cooper, File) (credit:AP)
GORE SKINNER(20 of36)
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FILE - In this Sept. 27, 2000, file photo Democratic presidential candidate Vice President Al Gore kisses Iowa retiree Winifred Skinner, 79, after listening to her talk about how she struggles with the high costs of prescriptions, as Gore spoke on his Medicare agenda at a community center in Altoona, Iowa. Wanna be famous? Forget reality TV. The presidential campaign could be just the ticket from nowhere to notoriety. It can be done with a heartfelt story. An off-hand remark. Or simply by having a distant connection to someone who's Somebody. Skinner told Gore she collects discarded cans to supplement her pension. (AP Photo/ J. Scott Applewhite, File) (credit:AP)
George W. Bush, Al Gore(21 of36)
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FILE - In this Oct. 17, 2000 file photo, Republican presidential candidate, Texas Gov. George W. Bush, left, speaks as Democratic presidential candidate Vice President Al Gore watches during their third and final debate at Washington University in St. Louis. Finally, the fall season delivers the matchup Americans have been waiting for, President Barack Obama goes one-on-one with Republican Mitt Romney in three prime-time debates. With the race a dead heat, the debates take on an oversized role in the few weeks between now and Election Day. One small mistake or impression _ a glance at a watch, repetitive sighing _ could roil the campaign for days and linger in voters mind. This is especially true for two polished candidates who will have the soundbites and rhetoric down cool. (AP Photo/Ed Reinke, File) (credit:AP)
George W. Bush, Al Gore(22 of36)
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FILE - In this Oct. 11, 2000 file photo, Democratic presidential candidate, Vice President Al Gore, right, and Republican presidential candidate Texas Gov. George W. Bush wait for the start of a debate, at Wait Chapel at Wake Forest University in Winston-Salem, N.C. In presidential politics, everybody's searching for "the moment." The campaigns don't know when or how it will come, but they watch for something _ awkward words or an embarrassing image _ that can break through and become the defining symbol of the other guy's flaws. Now all eyes are on the series of three presidential debates that starts Wednesday. (AP Photo/David Phillip) (credit:AP)
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FILE - This Nov. 8, 2000 file photo shows Orlando Sentinel election night headlines The first headline was, "Oh, so close," followed by "IT'S BUSH," then "IS IT BUSH?" and lastly "CONTESTED." The presidential election is still undecided while the nation waits for Florida's final vote count. The mere mention of the 2000 election unsettles people in Palm Beach County. The countys poorly designed butterfly ballot confused thousands of voters, arguably costing Democrat Al Gore the state, and thereby the presidency. Gore won the national popular vote by more than a half-million ballots. But George W. Bush became president after the Supreme Court decided, 5-4, to halt further Florida recounts, more than a month after Election Day. Bush carried the state by 537 votes, enough for an Electoral College edge, and the White House. (AP Photo/Peter Cosgrove, File) (credit:AP)
Shannon O'Brien, Al Gore(24 of36)
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FILE - In an Oct. 4, 2002 file photo, then-former Vice President Al Gore appears with then-Massachusetts Democratic gubernatorial candidate Shannon O'Brien are seen in Cambridge, Mass. Romney defeated O'Brien in the 2002 contest for governor of Massacusetts. Don't expect Romney to spend a lot of time trying to get voters to like him this fall. Instead, the likely Republican presidential nominee will probably rely on a ton of campaign cash and a barrage of nasty attack ads ripping into President Barack Obama for policies that Romney says aren't helping the economy recover fast enough. Look for Romney to take a more moderate tack, too. (AP Photo/Julia Malakie, File) (credit:AP)
Oscars Press Room(25 of36)
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JAPAN AL GORE(26 of36)
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Al Gore, Tipper Gore(28 of36)
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FILE - In this Jan. 20, 2009 file photo, former Vice President Al Gore and his wife Tipper, listen to the national anthem at the conclusion of inaugural ceremonies on Capitol in Washington. Former Vice President Al Gore and his wife, Tipper, are separating after 40 years of marriage. (AP Photo/Susan Walsh, File) (credit:AP)
Al Gore(29 of36)
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Former U.S. Vice President Al Gore speaks during a visit to Suntech, a solar cell factory, in Wuxi near Shanghai, China, Friday, June 11, 2010. Behind him are Chinese characters for "Low Carbon Concept." (AP Photo) (credit:AP)
AL GORE(30 of36)
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Former US Vice President and Nobel Peace Prize winner Al Gore delivers his speech at Asia- Pacific summit for the climate project in Jakarta, Indonesia, Sunday, Jan 9, 2011. (AP Photo/Achmad Ibrahim) (credit:AP)
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Former U.S. Vice President Al Gore speaks to an audience of young people at Free the Children's We Day celebrations in Kitchener, Ontario, Thursday, Feb. 17, 2011. We Day was started to celebrate the power of young people. (AP Photo/The Canadian Press, Geoff Robins) (credit:AP)
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In this undated image released by Current TV, former Vice President and Current Chairman and co-founder Al Gore, left, speaks with Cenk Uygur during an interview for Uygur's online show "The Young Turks," in San Francisco, Calif. The network announced, Tuesday, Sept. 20, 2011, that Uygur's show will be added to their prime-time lineup later this year. (AP Photo/Current TV) (credit:AP)
David Bohrman, Cenk Uygur, Jennifer Granholm, Al Gore(33 of36)
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From left to right, Current TV President David Bohrman, Cenk Uygur, host of the new television show "The Young Turks with Cenk Uygur," Jennifer Granholm, former Michigan Governor and host of the new television show "The War Room with Jennifer Granholm," and Al Gore, Former Vice President and Current TV Chairman and Co-Founder, participate in the Current TV portion of the Television Critics Association Winter Press Tour in Pasadena , Calif. on Friday, Jan. 13, 2012. (AP Photo/Danny Moloshok) (credit:AP)
Al Gore(34 of36)
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Former U.S. Vice-President Al Gore speaks at Free the Children's We Day event in Toronto on Friday, Sept. 28, 2012. (AP Photo/The Canadian Press, Michelle Siu) (credit:AP)
Al Gore(35 of36)
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Former U.S. Vice President Al Gore talks during an interview, Tuesday, Jan. 29, 2013 in New York. Gore has recently published a book, "The Future: Six Drivers of Global Change." Gore, who takes aim in his new book at the corporate media for "suffocating the free flow of ideas," on Tuesday defended the sale of his own television channel to Al-Jazeera. (AP Photo/Mark Lennihan) (credit:AP)
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Former Vice President Al Gore gestures at the John F. Kennedy Presidential Library and Museum in Boston, Tuesday, Feb. 5, 2013, as he speaks about his new book called "The Future: Six Drivers of Global Change." Gore won a 2007 Nobel Peace Prize for efforts to raise awareness about climate change. (AP Photo/Elise Amendola) (credit:AP)
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