Olbermann To Host Show On Network Founded By Al Gore

(CNN) -- Former MSNBC host Keith Olbermann announced that he'll be heading to Current TV to host and executive produce a new primetime nightly news and commentary show.

On top of his hosting and production duties, Olbermann will also serve as Current Media's chief news officer and will have an equity stake in the company, according to a statement.

"Nothing is more vital to a free America than a free media, and nothing is more vital to my concept of a free media than news produced independently of corporate interference," Olbermann said in a statement. Current Media was founded in 2005 by Vice President Al Gore and Joel Hyatt, and is now distributed to more than 75 million households worldwide.

"In Current Media, Al Gore and Joel Hyatt have created the model truth-seeking entity," Olbermann added. "The opportunity to partner with Al, Joel and Mark Rosenthal makes this the most exciting venture in my career."

The news comes shortly after Olbermann parted ways with MSNBC in January, after eight years of working with the network. The 52-year-old had been suspended for two days in November after the website Politico revealed donations had been made to three Democrats seeking federal office.

NBC Universal said at the time that the donations violated a policy requiring employees of the news organization to get permission before political donations or activities that could be a conflict of interest.

After his suspension, Olbermann gave his viewers an apology for "having subjected you to this unnecessary drama."

He went on, "It's not in my contract that NBC had rules about getting permission for making political donations, even though any rule like that in any company is probably not legal."

In an earlier statement, Olbermann aired his frustration with the way NBC handled the situation, claiming that the company was "inconsistent" when applying its policy and didn't hear his side of the story before suspending him.

"When a website contacted NBC about one of the donations, I immediately volunteered that there were in fact three of them; and contrary to much of the subsequent reporting, I immediately volunteered to explain all this, on-air and off, in the fashion MSNBC desired," Olbermann said.

However, all of that is now old news for Olbermann. His Current TV program is slated to air live on weeknights later this year.

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  • by Anonymous on Feb 13, 2011 at 05:35 AM
    He was supporting the democrat agenda on MSNBC. I think members of the media should wear a D or a R so we can know where their bias is. the same goes for TV stations and Cable News Outlets. It's no secret that they have an agenda. It's seen by the stories which are run and the stories which are ignored. They chose what to run based on bias and not objective journalism. have you ever seen a piece run that was critical of the NAACP? wonder why that is?
  • by Obama Snake Oil co Location: Washington on Feb 9, 2011 at 08:29 AM
    They are all out there posting how great Oblamabush is. How he has done so great a job destroying the country they live in. Why Barlow is a socialist who has it in for anyone who makes more money than he....just cause his job is "do you want to biggie size that order?"...I am sure they are all going to huffington post, media matters and moveon to see what Mr Soros wants them to do and post....sheep, they just have to be led....
  • by Neo Location: Reality on Feb 9, 2011 at 07:57 AM
    Where are the usual supportive dork comments? Barslow..... Barslow..... Are you out there Barslow?..... Fact Bender...... Fact Bender..... The Voice of Dork..... The Voice or Dork...... hello.... hello.... is thing on?
  • by Purple Haze Location: ayden on Feb 8, 2011 at 05:10 PM
    NEVER heard of 'EM!!!
  • by NObermann Location: enc on Feb 8, 2011 at 04:44 PM
    A marriage made in hell! They so deserve each other!
  • by B Location: Gville on Feb 8, 2011 at 02:30 PM
    Al Gore founded a network? Probaly like he invented the internet.
  • by Doug Location: Greenville on Feb 8, 2011 at 02:14 PM
    Just learned that Current TV is headquartered in San Francisco. Formulate your own opinion and discuss amongst yourselves.
  • by Doug Location: Cityville on Feb 8, 2011 at 02:10 PM
    Keith will be reporting on the existence of "manbearpig" within one week of going on the air.
  • by Obama Snake Oil Co Location: Washington on Feb 8, 2011 at 01:41 PM
    Neo, what is reall funny...AOL and Huffington Post? Neither is making any money and supported by Barlow and Fact Bender. Somehow, I am sure Soros foots money as he always does with this lunacy. I guess they never figured out what AirAmerica...flew into pile of cow dung....
  • by Neo Location: Reality on Feb 8, 2011 at 01:01 PM
    "Current TV", HAHAHAHAHahahaha! HAHAHAHAhahahaha!! Just where a no talent dork like olberman belongs, on a channel that nobody watches that was created by the idiot dork of the century....algore. The sky is falling! the sky is falling! global warming! global warming! A bunch of morons have made algore the superdork a very wealthy idiot. Hey, maybe he isn't so dumb after all.....he got the liberals to make invest tons of money in his global warming enterprise, making him wealthy beyond his wildest dreams. All the while, he flies around the country on private jets and rides in gas guzzling lemousines. olberdork probably invested a fortune in algore/global warming/world is ending Inc. You people are too much. HAHAHAHAHAhahahah!!! Current TV...HAHAHAHAhahah!! Let's hear how this is a step up 'ol "Barslow" or "Fact Bender".
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