Jason Kempin/Getty Images
Hillary Busis
March 13, 2013 AT 05:51 PM EDT

Our long national nightmare is over: Nearly one year after filing a blistering, $70 million lawsuit against Current TV, Keith Olbermann and his former employer have reportedly reached a settlement. Specifics of the deal are confidential — and Current TV has declined to comment, while Olbermann has not yet responded to EW’s requests for comment — but according to Deadline, the ousted host was awarded “a significant payout.”

Olbermann brought his nightly political program Countdown With Keith Olbermann to Current after departing from MSNBC in 2011. Upon being let go by Al Gore’s net less than a year later, he accused the progressive cable channel of creating “an environment in which major business errors and technical failures became commonplace and acceptable.” Olbermann demanded payment for the multimillion-dollar sum of his full five-year contract, as well as other damages.

Current TV is currently embroiled in another high-profile lawsuit over its recent sale to Al Jazeera. Olbermann, meanwhile, has reportedly approached ESPN about returning to the sports network, where his national TV career began in 1992. ESPN president John Skipper, however, has said that a re-do for Olbermann at his network isn’t likely to happen anytime soon.

Read more:

Al Gore and Current TV hit with lawsuit over Al Jazeera sale

The prodigal son returns? Could Keith Olbermann and ESPN really bury the hatchet?

Time Warner Cable drops CurrentTV after sale

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