Four more years for Olbermann

FOUR MORE YEARS FOR OLBERMANN…. For MSNBC, it’s hard to mess with success.

Keith Olbermann, the anchor of “Countdown,” will remain at MSNBC through the next presidential election season, the cable news channel announced Monday afternoon.

The announcement came less than two years into Mr. Olbermann’s current four-year deal. MSNBC essentially tore up his February 2007 contract (reported to be 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.

Now all MSNBC has to do is extend a multi-year, multi-million-dollar contract to Maddow, and the network will have a very powerful prime-time line-up locked in for the foreseeable future.

Support Nonprofit Journalism

If you enjoyed this article, consider making a donation to help us produce more like it. The Washington Monthly was founded in 1969 to tell the stories of how government really works—and how to make it work better. Fifty years later, the need for incisive analysis and new, progressive policy ideas is clearer than ever. As a nonprofit, we rely on support from readers like you.

Yes, I’ll make a donation