More On

Keith Olbermann sues Current TV for breach of contract

TV commentator may seek as much as $70 million

Al Gore and his buddies at Current TV are in an unprecedented position—they’re the first people in history to be sued by a $10 million chandelier.

Yesterday, Keith Olbermann—aka the $10 million chandelier—filed suit against the owners of the small progressive public affairs channel, claiming they breached his contract when they fired him last week. He says the network, which reportedly gave him a five-year, $50 million contract, owes him between $50 million and $70 million in cash and equity compensation.

Immediately after his firing, the left-wing commentator admitted he knew he had made a mistake soon after he left MSNBC to join Current TV, but stayed onboard out of loyalty to his viewers.

In a statement to entertainment network E! News, Current TV said that Olbermann was fired for "serial, material breaches of contract, including the failure to show up at work, sabotaging the network and attacking Current and its executives. ...We will be happy to engage on the law and its facts in the appropriate form."

In his suit, Olbermann calls his dismissal “the latest in a series of increasingly erratic and unprofessional actions undertaken by Current’s senior management.” 

So what’s a homeless $10 million chandelier to do? The New York Daily News has a few suggestions for Olbermann.

Join the Conversation

Advertisement. Closing in 15 seconds.