Friday, January 21, 2011

Comcast Boots Olbermann

... while denying that their merger with (takeover of) NBC has anything to do with his ouster. Comcast doesn't even take the helm until Monday. I guess they didn't want to put up with Olbermann as an employee for even one day.

Reports say that the deal reached to buy out the remaining two years of Olbermann's four-year contract includes an agreement that he will not take a similar position with another network for those remaining two years.

I hope Olbermann was fully compensated for those two years. If not, and if he objects legally, Comcast may find that courts are not fond of non-compete clauses that have the effect of depriving employees of their ability to pursue their primary livelihood. (It's been a long time since I signed a contract with a non-compete clause, but I researched the matter at the time. At the very least, the clause must be time-limited and restricted to a specific list of employers.)

Then again, maybe Keith is ready to retire. One could hardly blame him.

Who's next? Rachel Maddow?

1 comment:

  1. Bottom line: If ya can't beat 'em, buy 'em out! And yes, I am sad and angry all at once.



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