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Current TV Dismisses Keith Olbermann

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Current TV said Friday afternoon that it had terminated the contract of its lead anchor, Keith Olbermann, scarcely a year after he was hired to reboot the fledgling channel in his progressive political image. The cable channel indicated that he had failed to honor the terms of his five-year, $50 million contract, giving the channel the right to terminate it. Starting Friday night, the former New York Gov. Eliot L. Spitzer will take over Mr. Olbermann's 8 p.m. time slot.

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