ESPN suspends Keith Olbermann after a series of nasty tweets insulting Penn State students

ESPN has suspended Keith Olbermann for a week after he engaged in a series of Twitter fights with Penn State University students and alumni.

The arguments originally stemmed from a tweet directed at Olbermann about PSU's annual THON dance marathon. This year's THON raised more than $13 million for the Four Diamonds Fund, a charity supporting children with pediatric cancer and their families, according to PSU student newspaper The Daily Collegian.

The network released the following statement Tuesday:

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 originally responded to the PSU alum's tweet about THON by saying "...Pitiful," likely meant to be a joke playing off of the PSU motto "We Are!" Here's Olbermann's tweet:

Olbermann explained the tweet later Monday evening:

It got worse from there. Deadspin collected some of Olbermann's more colorful responses when PSU students and alumni began to criticize the ESPN personality.

Here's what Olbermann had to say Monday night:

Olbermann apologized for his previous night's remarks in a tweet Tuesday afternoon: