UPDATE, 2:45 PM: Olbermann’s fighting back: “Keith’s termination is baseless,” his lawyer Patricia Glaser says. “We will sue them for their improper conduct. They made a bad decision. They can expect a bad result.” And here’s Olbermann’s statement, an apology to viewers for joining Current which he says was a “sincere and well-intentioned gesture on my part, but in retrospect a foolish one”:
I’d like to apologize to my viewers and my staff for the failure of Current TV.
Editorially, Countdown had never been better. But for more than a year I have been imploring Al Gore and Joel Hyatt to resolve our issues internally, while I’ve been not publicizing my complaints, and keeping the show alive for the sake of its loyal viewers and even more loyal staff. Nevertheless, Mr. Gore and Mr. Hyatt, instead of abiding by their promises and obligations and investing in a quality news program, finally thought it was more economical to try to get out of my contract. (more…)