MSNBC Extends Keith Olbermann’s Contract

In Media on Nov-12-2008 with

News that is a couple days old, but still good news:

The announcement came less than two years into Mr. Olbermann’s current four-year deal. MSNBC essentially tore up his Feb. 2007 contract (reportedly worth up to $4 million a year) and wrote a new one, according to two employees with knowledge of the agreement. The new contract is valued at about $7.5 million a year, one of the people said.

Mr. Olbermann will continue to anchor “Countdown” and co-host NBC’s “Football Night in America.” Reinforcing Mr. Olbermann’s value to MSNBC, the network said he would “play a prominent role” in “all major news events.”

Mr. Olbermann has anchored “Countdown,” the most popular program on MSNBC, since 2003. The program now draws more viewers than CNN in the 8 p.m. time slot.

There are no comments yet. You could be the first!