MSNBC’s Keith Olbermann has been suspended indefinitely without pay after it was revealed that he made three campaign contributions to Democratic candidates. Politico reports that the Countdown host donated $2,400 each to Reps. Raul Grijalva and Gabrielle Giffords of Arizona and to Kentucky Senate candidate Jack Conway. “I became aware of Keith’s political contributions late last night,” MSNBC president Phil Griffin said in a statement. “Mindful of NBC News policy and standards, I have suspended him indefinitely without pay.” NBC’s donation policy requires employees to obtain permission regarding contributions or activities that could be considered conflicts of interest. Here is Olbermann’s take on the issue:

“One week ago, on the night of Thursday October 28 2010, after a discussion with a friend about the state of politics in Arizona, I donated $2,400 each to the reelection campaigns of Democratic Representatives Raul Grijalva and Gabrielle Giffords. I also donated the same amount to the campaign of Democratic Senatorial candidate Jack Conway in Kentucky. I did not privately or publicly encourage anyone else to donate to these campaigns, nor to any others in this election or any previous ones, nor have I previously donated to any political campaign at any level.”