On February 8, 2011, Keith Olbermann announced that he had been hired to host a new primetime show on Current TV and was named Chief News Officer with an equity stake in the network. In April 2011, Olbermann announced that his nightly program would retain the same title from his time at MSNBC. On June 20, 2011, "Countdown with Keith Olbermann" relaunched on Current TV. The program aired Mondays through Fridays at 8 p.m. Eastern Time and was based out of New York City. Olbermann stated on "The Colbert Report" that Current TV was planning to make a nightly news segment consisting of his show and others that would launch later on Current TV.