5:42 p.m. | Updated Current TV said Friday afternoon that it had terminated the contract of its lead anchor, Keith Olbermann, scarcely a year after he was hired to reboot the fledgling channel in his progressive political image.
Current indicated that he had failed to honor the terms of his five-year, $50 million contract, giving the channel the right to terminate it.
In a stream of Twitter messages, Mr. Olbermann responded to Current’s announcement by stating that “the claims against me in Current’s statement are untrue and will be proved so in the legal actions I will be filing against them presently.”. . .