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Our long national nightmare is over: Nearly one year after filing a blistering, $70 million lawsuit against Current TV, Keith Olbermann and his former employer have reportedly reached a settlement. Specifics of the deal are confidential — and Current TV has declined to comment, while Olbermann has not yet responded to EW’s requests for comment — but according to Deadline, the ousted host was awarded “a significant payout.” READ FULL STORY »
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A television consultant claims that former Vice President Al Gore and others at Current TV stole his idea to sell the struggling network to Al Jazeera.
Los Angeles resident John Terenzio is demanding more than $5 million in a lawsuit quietly filed in San Francisco Superior Court Tuesday.
Al Jazerra announced Jan. 3 that it would pay $500 million for San Francisco-based Current TV.
Terenzio alleges he first brought the idea of the Qatar-owned Al Jazeera’s purchase of Current TV to board member Richard Blum in July, and he expected to be paid if his plan was used. The lawsuit claims Blum was open to the plan, which Terenzio laid out with a detailed PowerPoint presentation but feared Gore would find such a deal with the oil-rich government of Qatar “politically unappealing.” READ FULL STORY »
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Lynette Rice
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