UPDATE:Current TV Fires Keith Olbermann, He Threatens to Sue

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Keith Olbermann

UPDATE: 6:39 P.M EST

Keith Olbermann releases a counter-statement in response to Current TV executives and co-founders, Joel Hyatt and Al Gore, informing his viewers that he will be be suing the network.

Read his full statement below:

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.

It goes almost without saying that the claims against me implied in Current’s statement are untrue and will be proved so in the legal actions I will be filing against them presently.

To understand Mr. Hyatt’s “values of respect, openness, collegiality and loyalty,” I encourage you to read of a previous occasion Mr. Hyatt found himself in court for having unjustly fired an employee. That employee’s name was Clarence B. Cain. http://nyti.ms/HueZsa

In due course, the truth of the ethics of Mr. Gore and Mr. Hyatt will come out. For now, it is important only to again acknowledge that joining them was a sincere and well-intentioned gesture on my part, but in retrospect a foolish one. That lack of judgment is mine and mine alone, and I apologize again for it.

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Citing a lack of “respect” and “loyalty,” Current TV has fired Keith Olbermann a little over a year after his heralded return to prime-time television, reports Politico.com.

After months of open hostility, reminiscent of the battle that was waged publicly between Olbermann and MSNBC executive before his abrupt departure in January 2011, Current executives and co-founders, Joel Hyatt and former Vice-President Al Gore, released the following statement to viewers:

Current was also founded on the values of respect, openness, collegiality, and loyalty to our viewers. Unfortunately these values are no longer reflected in our relationship with Keith Olbermann and we have ended it.”

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Abrupt exits seem to plague Olbermann’s career. He was also relieved of his duties as co-host of NBC program, “Sunday Night Football” amid rumors that his far-left politics and jabs at former Alaskan Governor Sarah Palin were the cause of the rift. The official word word, though, was that the football program was distracting him from his “Countdown” duties. He had held that position since 2007 and began “Countdown” in June of 2011.

Eliot Spitzer, the former New York governor turned media darling who was caught in 2008 with his pants down — figuratively — with prostitute Ashley Dupree, has been tapped to take Olbermann’s place. Spitzer’s show on CNN was canceled last year and since then he has been a frequent guest on “Countdown.”

I will most certainly miss Keith Olbermann and his “Special Comments.” As politics began to seep into the psyches of an apathetic populace as the wars in Afghanistan, Iran and Iraq escalated — and the war crimes of former president George W. Bush became undeniable — and  reached a fever pitch with the candidacy of then Senator Barack Obama, Olbermann’s commentary was timely, no holds barred and arguably the most sought after opinion in liberal circles. With his loyal following, knowledge of the issues, and charismatic and fiery delivery, it’s only a matter of time before his face is on screen once again.

Let’s just hope this time, he can get along with his colleagues.

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