The list of election '08 losers is a long one: There's John McCain, of course, who will die angry and bitter, notwithstanding his rather gracious concession speech last night. Steve Schmidt, McCain's chief strategist, will probably have trouble finding a Little League team to advise, unless he manages to redeem himself somehow. From Republicans on the Hill to GOP strategists to snowmobile and hunting enthusiasts, plenty of people will feel the cold wind of electoral defeat for a long time to come. After the jump, a roundup of New York City's nine biggest losers.

We look forward to that time less than 48 hours from now, when we can finally frame the entirety of the 2008 election season in our smudged rearview mirror and watch it shrink as we head toward the country's other essential round of cutthroat campaigning. But for all the misbegotten PSA's, infomercial filibusters and other punishing effluvia, we admit we'll miss the bits of election-related freakery that arrive with oxygen just in time to save us. And of course, the more unexpected, the better — like Ben Affleck bellowing about his cat after the jump.Or rather, Ben Affleck as Keith Olbermann bellowing about his cat, one of a scorching fistful of issues chafing at the imperious MSNBC pundit last week on Saturday Night Live. His outrage over Miss Precious Perfect's rejection from their Upper West Side co-op represents only the most insistent of his convictions, however, and in turn, only one delicious course of the scenery menu Affleck spent nearly nine-minutes devouring. If we didn't know any better, we'd think all this big-shot director really wants to do is act. And really, we couldn't blame him. [SNL] Click to view

Did you watch Saturday Night Live? Ben Affleck was lame. John McCain was funny. Cindy McCain was the funniest(!). The ending was strangely awkward. But you know what wasn't as funny as it should've been? The Keith Olbermann sketch. Ben Affleck's "Keith Olbermann" impression was basically his "Alec Baldwin" except louder. The sketch lasted forever and wasn't funny until the "special comment" at the end, which should've been the sum total of the bit (watch the whole thing after the jump, kids!). But apparently John McCain thought it was the best! The McCain campaign was delighted with the absurd bit, and said it was "about time" that SNL mocked MSNBC's most indignant anchoir. So of course Ana Marie Cox emailed Olbermann himself for his response to the McCain camp's response to his getting made fun of on a tee-vee show. He responded faux-good-naturedly and also had some secret sexy news about Sarah Palin going rogue!

New York magazine expanded on the legend of MSNBC hotshot Rachel Maddow, revealing her further as a sharp scholar ("I still send students to [her] thesis as a model," says a Stanford professor), unabashed bleeding heart (spending nights "worrying about nuclear proliferation and the Fourth Amendment ") and refreshingly down-to-earth television personality ("There is nothing funnier than a fart"). It also broke the news that the Rachel Maddow Show host now, at long last, owns a television! But then the profile reminded us Maddow got her slot at the expense of a guy in a long-running feud with her advocate Keith Olbermann:

Last week we offered to send you a Halloween mask free of charge. We ran through the supply pretty quickly and a number of you were left out in the cold. (Sorry about that!) For those of you who missed your chance—and provided you have access to a color printer—we've posted the masks online. So you can print them out yourselves in the event you still don't have a Halloween costume lined up. After the jump, our very special collection of seven masks, in case you feel like dressing up as Anderson Cooper, Mario Batali, Nina Garcia, Anne Hathaway, Keith Olbermann, Vikram Pandit, or Al Sharpton.

The last days of the presidential campaign were about to make Keith Olbermann's head explode, what with the racism and Islamophobia and calls for death and so forth, so the MSNBC Countdown host is suspending the specialness of his special comments and just doing them every night until he feels like stopping. He knows he "frequently insisted he would never" do this, and he's sorry, but "I suspect this will be the first of nightly pieces, most shorter than this one, until further notice." In other words, the special comments will be regular for a special period, until they go back to being special, as they regularly are. (Olbermann explains in a video after the jump.)

Somehow, YouTube already has a copy of David Letterman tonight lacerating John McCain for skipping the Late Show and suspending his campaign in the midst of the Wall Street meltdown. As reported earlier by Drudge, Letterman became especially upset when he caught the Republican presidential nominee in a live feed from New York being interviewed by his own network's Katie Couric. McCain had personally told Letterman he was canceling because he was headed back to the capital to handle the financial crisis. Whoops.

♦ Not only is Rachel Maddow more popular than Keith Olbermann, she's now ahead of CNN's Larry King, too. [HuffPo]
♦ Sunday night's Emmy Awards generated the lowest ratings in history. [THR]
♦ MTV missed out on its chance to buy MySpace, but they have no plans to give up on their sixth-tier social network, Flux. [AdAge]
♦ Life magazine is back. For the third time. Time Inc. and Getty Images will use life.com to offer up "free, downloadable photos from world-renowned photographers." [NYP]
♦ Jeffrey Toobin, who says he "owes his TV career to [O.J.] Simpson," has no interest in covering him again, thank you very much. [TV Newser]
♦ Starbucks and ad agency Wieden & Kennedy are parting ways. [AdAge]
♦ Kanye West is teaming up with Comedy Central on a new series described as "hip-hop meets the Muppets." [THR]
♦ The Times recaps the service held on Monday night in memory of Clay Felker, the founding editor of New York magazine who died on July 1. [NYT]

♦ She's only been on the air a week but Rachel Maddow has already usurped Keith Olbermann in the ratings. [HuffPo]
♦ The New York Times Co. reported today that ad revenue in August dropped 14 percent compared to the same period a year ago and total revenue declined 8.8 percent for the month. [E&P]
♦ A libel lawsuit against author John Grisham has been dismissed. [AP]
♦ Is Al Gore buying a magazine? [Portfolio]
♦ The Atlantic's website has witnessed a surge of traffic thanks to those gross pics of John McCain drinking blood. [Portfolio]
♦ CNBC's Erin Burnett suggests that short-selling is unpatriotic; Jim Cramer says it may be terrorism. [CJR]

If you're even remotely curious about oft-vilified media mogul Rupert Murdoch or his News Corporation empire, there are plenty of gems to pluck from Esquire's lengthy interview with the mogul. There is, for example, Murdoch's baldfaced assertion that Fox News Channel is "very, very fair;" his wild accusation that Times publisher Arthur Sulzberger tried to bar the hiring of white males for five years; and the mild rebuke that Fox host Bill O'Reilly "shouldn't be so sensitive" to Keith Olbermann's attacks. The biggest takeaway, though, is that Murdoch is softening in his old age, despite a punishing work regimen. The quotes in the Esquire piece reinforce the idea, floated by Michael Wolff in Vanity Fair earlier this month, of this change in Murdoch toward the "magnanimous" and "further nuanced:"

• Felix Gillette surveys the recent drama at MSNBC and chats with network president Phil Griffin about the decision to drop Keith Olbermann and Chris Matthews from anchoring the presidential campaign. [NYO]

As we more or less said, before, MSNBC's switch from all-crazy-pundit all-the-time (their two most unbalanced talking heads anchoring convention coverage? what can possibly go wrong!) to the more traditional "boring old guy who'll accept your bullshit with a smile" approach is a cowardly retreat by MSNBC president Phil Griffin, giving in to the outdated old methods of NBC News head Stave Capus and NBC head Jeff Zucker. It's a return to the "beat CNN at their game" idea, only that "game" is boring and they'll never beat them at it. Today's Observer explores the decision to kick Keith Olbermann and Chris Matthews back down to their pundit kids table. It's a victory for the "serious" journalists of Washington, DC, and a terrible defeat for people who enjoy television.

Keith Olbermann may have been pushed out of his gig anchoring MSNBC's election coverage, but the Countdown host actually made out pretty well, with the cable news network widely reported to be in the process of extending his contract. Far sadder is the case of Olbermann's fellow shouting head Chris Matthews, also ejected from the election team over his on-air feuds. Matthews' contract is up in 2009, two years sooner than Olbermann's, and yet no one is talking about buttering him up! That's probably because lantern-jawed Olbermann, by far the more overtly partisan of the two, has done more to gin up ratings. But apparently it's also because parent company GE's shareholders — that is, people primarily concerned with making money off a sprawling multinational corporation and with no expertise in running media operations — were unhappy with the network's convention coverage. Report the MSNBC haters at the Post:

• More on NBC's decision to drop Keith Olbermann and Chris Matthews from covering the election on MSNBC: Olbermann got a raise out of the deal, Matthews didn't, and NBC chief Jeff Immelt may or may not have be behind the move. [P6]

So MSNBC going back to more "traditional" election coverage? Looks like that David Gregory ascendancy everyone predicted back before the Rachel Maddow ascendancy is finally happening! All because Tom Brokaw and Brian Williams are embarrassed by those loud shouty people and Jeff Zucker's in serious trouble with the rest of the Illuminati. Well it's a stupid, stupid idea, for many reasons. Reasons which we'll explain below.

It was unthinkable that MSNBC could come out of the Democratic and Republican National Conventions without a major, public shakeup of its political news team. The incessant fighting between the cable network's most opinionated anchors — Keith Olbermann, Joe Scarborough and Chris Matthews — marred the chance to retain all those new young viewers Olbermann has attracted over the past year or two. But now that the other shoe has dropped, with the anchor team of Olbermann and Matthews being replaced by comparatively neutral White House correspondent David Gregory, it would be a mistake to think MSNBC has undergone some sort of deep existential crisis that will pull it back from the brink of becoming the Fox News Channel of the left. The network's ratings growth, driven by Olbermann, has been too good and too long coming, and the lefty anchor (according to the Times) is about to re-up his plush contract, which in any case has three of four yeas left on it. And MSNBC will have done plenty if it simply gets its big-name blowhards acting at a high school level of maturity rather than yelling at one another like a bunch of kindergartners. Network executives appear to appreciate this! From the Times:

Following accusations that the network had veered too far to the left and after months of internal tension, MSNBC has decided to drop Chris Matthews and Keith Olbermann from anchoring coverage of the election. David Gregory of NBC News will anchor the debates and election night coverage instead. [NYT]

MSNBC's Rachel "Maddow tried to replace all the staffers who work on the 9 p.m. time slot, which she takes over on Monday, but management refused... 'She is Olbermann's protégé and is behaving like he does.'" [Post]

Lovable MSNBC blowhard Keith Olbermann was reportedly not thrilled about attending the Republican National Convention. Last week, Page Six claimed Keith wanted "a more secure location" before attending the proceedings, because, they giggled, he's afraid someone will assassinate him. Ha ha ha what a baby! When the RNC started, Keith was in New York still, covering Gustav, their main story all day Monday. That made sense. But Gustav passed and today it was made official: Keith won't be making it to St. Paul for any RNC coverage. Which, lucky him. Because we think what was meant by "a more secure location" was actually "a fucking indoor studio like Fox and CNN got." Because Denver coverage was marred not just by infighting and bitchery but also by idiot 9/11 truthers drowning out the hosts with bullhorns. Uninterrupted! For like an hour straight! It was embarrassing (and also hilarious). Honestly we would not put up with that shit again if we had Keith's authority at the station. Anyway. Keith Olbermann: coward! [The Cable Game]

• Cable news ignored the Republican convention (and Sarah Palin controversy) over the weekend in favor of Hurricane Gustav. [THR]