Entertainment

Current unfair

Keith Olbermann, who basically talked himself out a $50 million contract at the liberal Current TV cable channel, yesterday settled his wrongful-firing lawsuit against the network for 10 cents on the dollar.

Olbermann will get about $5 million of the $50 million he’d been seeking, sources tell The Post.

Reps for Olbermann did not return calls yesterday. Current, which has been sold to the Arab-language network Al Jazeera for $500 million , declined to comment.

The case was decided after a one-day hearing in front of mediator in San Francisco. Both sides apparently decided to submit the case to binding arbitration earlier this year.

Olbermann was fired by Current — and replaced by former Gov. Eliot Spitzer — in 2012, just one year into a five-year deal that was to pay him $10 million annually.

Current claimed the big-ego anchor had “sabotaged” the struggling new network by refusing to work with people there and not showing up for work.

Olbermann hired the same LA lawyer, Patricia Glaser, who negotiated Conan O’Brien’s $45 million contract buy-out with NBC to sue Current.

Papers filed by Olbermann’s lawyers — which were making the rounds of media Web sites all year — offered a rare (and sometimes hilarious) glimpse into the workings of a new news network

“Keith Olbermann was disheartened to discover Al Gore, Joel Hyatt and the management of Current are no more than dilettantes portraying entertainment executives,” the papers claimed.

Current, which quickly counter-sued, and the ex-anchor were locked in a legal stalemate that might have lasted years if not for Gore’s startling decision last December to sell the money-losing Current to Al Jazeera.

Olbermann’s settlement will come out of the seller’s end of the Current deal — meaning Gore and Hyatt, who each pocketed a reported $100 million, will have to pay.

Gore has already been sued by a California media consultant who claims he’s owed $5 million for coming up with the Al Jazeeer-sale idea in the first place.