Glenn Greenwald has posted a statement from MSNBC’s Keith Olbermann as well as his own withering response regarding the cease-fire between MSNBC and Fox News. Here’s what Olbermann told Greenwald:

I honor Mr. Greenwald’s insight into the coverage of GE/NewsCorp talks, and have found nothing materially factually inaccurate about it. Fox and NewsCorp have continued a strategy of threat and blackmail by Rupert Murdoch, Roger Ailes, and Bill O’Reilly since at least 2004. But no matter what might have been reported by others besides Mr. Greenwald, and no matter what might have been thought around this industry, there’s no “deal.” I would never consent, and, fortunately, MSNBC and NBC News would never ask me to.

Greenwald then writes:

I certainly believe that Olbermann is telling the truth when he says he was never a party to any deal and that nobody at GE or MSNBC asked him to consent. That’s because GE executives didn’t care in the least if Olbermann consented and didn’t need his consent. They weren’t requesting that Olbermann agree to anything, and nobody — including the NYT’s [Brian] Stelter — ever claimed that Olbermann had agreed to any deal. What actually happened is exactly what I wrote: GE executives issued an order that Olbermann must refrain from criticizing O’Reilly, and Olbermann complied with that edict. That is why he stopped mentioning O’Reilly as of June 1.

Once the NYT exposed this deal between GE and News Corp., MSNBC executives allowed Olbermann to attack O’Reilly last night because neither Olbermann nor MSNBC could afford to have it appear that their top journalist was being muzzled by GE.

Greenwald has some useful links, too, so please read the whole thing. And yes, Olbermann owes Stelter an on-air apology.

Keith Olbermann issued his declaration of independence last night. But in doing so, he smeared New York Times reporter Brian Stelter (photo), whose account of a peace settlement between Olbermann’s employer, MSNBC, and his nemesis Bill O’Reilly’s employer, Fox News, had created the need for Olbermann to renew his feud with O’Reilly in the first place.

Stelter reported last Friday that executives at both networks had moved to stop the on-air sniping between the two hosts. “Bill-O the Clown,” Olbermann’s pet nickname for O’Reilly, was frequently featured in his “Worst Persons in the World” segment. O’Reilly, for his part, had started taking aim at the corporate agenda of MSNBC’s owner, General Electric.

Although Stelter, not surprisingly, was forced to rely quite a bit on unnamed sources, he had an on-the-record comment from GE spokesman Gary Sheffer, who confirmed that a deal had been cut: “We all recognize that a certain level of civility needed to be introduced into the public discussion. We’re happy that has happened.”

Stelter also included a quote from Olbermann: “I am party to no deal.”

Seems pretty well nailed-down. Yet Olbermann, on last night’s “Countdown,” designated Stelter as his number-three villain in the “Worst Persons” segment, with O’Reilly coming in at number two. Among other things, Olbermann said:

Problem, Mr. Stelter asks me at least twice last week if there was such a deal, and I told him, on and off the record, there was not. And told him I rather obviously would have to be a party to such a deal. And I told him that not only wasn’t I, but I had not even been asked to be by my bosses. And he printed it anyway.

This is intellectually dishonest, as it implies that Stelter deliberately did not use Olbermann’s quote because it didn’t fit with what he wanted to write. In fact, Stelter did use it, and he placed it in context. It’s very clear from Stelter’s story that the deal had been cut by higher-ups, and that Olbermann might or might not go along.

Fox News owner Rupert Murdoch came in at number one for trying to muzzle O’Reilly. Hmmm … doesn’t that confirm that Stelter got it right?

Glenn Greenwald, who’s been blogging away at Salon ever since the Stelter story came out, criticized his ideological soulmate Olbermann last night, writing on Twitter, “Really surprised by the Olbermann denial – there’s lots and lots of evidence that the NYT’s description about what GE did is 100% accurate.”

Stelter himself took it in good humor after seeing his photo plastered on the “Worst Persons” segment. “Tonight: a reminder to take a new head shot,” he wrote on Twitter.

All in all, not a good moment for Olbermann. He may have reclaimed his independence. But he did so at the expense of sliming a journalist who’d broken an important, unflattering story about collusion by media moguls. At the very least, Olbermann ought to award himself the bronze.

Photo from Stelter’s Twitter feed.