Keith Olbermann has filed a lawsuit against cable political talk channel Current seeking damages of at least $50M. Current says that Olbermann is free to make as much noise as he wants, but it has the law and the facts on its side and will see him in court.
Olbermann’s lawsuit suggests that the program’s problems began when they let a key executive with experience in the cable business go, and person who took over the job was none other than Current co-founder Joel Hyatt. The result was a series of errors on both the business and the production side, all of which had the effect of damaging Olbermann’s “hard-won reputation,” not to mention depriving him of between $50M-$70M in potential earnings.
Current said that Olbermann committed numerous acts of insubordination and failed to live up to his end of the bargain. In a statement, it noted, “As the old adage says: ‘When the law is on your side, you argue the law. When the facts are on your side, you argue the facts. When neither the law nor the facts are on your side, you pound the table.’ We will be happy to engage on the law and the facts in the appropriate forum.”
It noted that one of Olbermann’s failures that led to his firing was failure to show up for work, and pointedly reminded him that he will be required to show up in court.