HispanicBusiness

In Current TVs short history, it's been best known for things not on the air: for being co-owned by former Vice President Al Gore; for two of its employees, Laura Ling and Euna Lee, being detained in North Korea; for hiring Keith Olbermann after his notorious falling out with MSNBC. On Friday, Olbermann put Current TV in the headlines again, when word of Olbermann's ouster, and the reactions from both sides, were reported.

Keith Olbermann, just a year into a $50 million contact lasting five years, was replaced on television by former N.Y. Governor Eliot Spitzer. Reports indicate that the firing of Olbermann was characterized as a "breach of contract." Olbermann has responded to his firing online, with his characteristic biting tone, placing blame on Current TV management and threatening legal action.

"I'd like to apologize to my viewers and my staff for the failure of Current TV," he writes in the statement, along with "It goes almost without saying that the claims against me implied in Current's statement are untrue and will be proved so in the legal actions I will be filing against them presently."

For Keith Olbermann's full statement, click here.

Spitzer's new program, "Viewpoint," represents another opportunity for the former governor to host a news program after "Parker Spitzer" on CNN didn't make the cut. Spitzer resigned from the office of New York's governor due to a scandal involving his patronage of a prostitution service.