Keith Olbermann apologized on Twitter today. (Credit: Twitter, screenshot)

ESPN just suspended Keith Olbermann for the rest of the week over his tweets about Penn State. In a press statement, ESPN said:

“We are aware of the exchange Keith Olbermann had on Twitter last night regarding Penn State. It was completely inappropriate and does not reflect the views of ESPN. We have discussed it with Keith, who recognizes he was wrong. ESPN and Keith have agreed that he will not host his show for the remainder of this week and will return on Monday. The annual tradition of THON and the efforts of the students of Penn State to fight pediatric cancer should be applauded.”

Olbermann had posted tweets about Penn State’s pediatric cancer fundraising effort known as “Thon,” Deadspin reported. “It was really weird and unneccessary,” Deadspin wrote.

“Thon” is an “annual dance marathon” that “raised more than $13 million for pediatric cancer resarch and care,” Pittsburgh’s KDKA reported. Olbermann’s comments came after a student tweeted Olbermann a link about Thon, according to KDKA. In response, Olbermann called Penn State students “pitiful” accused them of the “mediocrity of their education and ethics.”

Olbermann apologized on Twitter. “I apologize for the PSU tweets,” he wrote. “I was stupid and childish and way less mature than the students there who did such a great fundraising job.”

I apologize for the PSU tweets. I was stupid and childish and way less mature than the students there who did such a great fundraising job.

— Keith Olbermann (@KeithOlbermann) February 24, 2015

“I’d like to thank the students and alums of Penn State for proving my point about the mediocrity of their education and ethics,” one of Olbermann’s tweets said.

I’d like to thank the students and alums of Penn State for proving my point about the mediocrity of their education and ethics.
— Keith Olbermann (@KeithOlbermann) February 24, 2015

.@dave_seidel Did you learn that at Penn State too? Fired once in 35 years. Sorry to interrupt your stupidity – carry on.

— Keith Olbermann (@KeithOlbermann) February 23, 2015

.@dave_seidel Again – get your $ back – you didn’t learn how to read. PSU students are pitiful because they’re PSU students – period.
— Keith Olbermann (@KeithOlbermann) February 23, 2015

.@dave_seidel her tweet reads “we are…” I finished her sentence “…pitiful.” At this rate your diploma won’t be recognized, Moron

— Keith Olbermann (@KeithOlbermann) February 23, 2015

Penn State spokesperson Lawrence Lokman said Olbermann’s comments were “a shame” and  called on Olbermann to donate to the Thon, according to the Penn State student newspaper the Daily Collegian.

Olbermann’s contract with MSNBC was ended two years early in 2011, as iMediaEthics has reported. He had been suspended the previous November for two days for donating money to political campaigns without getting approval.

UPDATED: 2:15 PM EST with more information.

UPDATED: 8:15 PM EST Added statement from Penn State