Keith Olbermann's reign as king of the MSNBC bloviators is over. All he's done since leaving the network is tweet in a self-absorbed manner. What should K.O.'s next career move be? Allow us to offer some free advice.

In your intriguing Tuesday media column: the gossip behind Stephen Drucker's departure from Town & Country, female news anchors make men dumb, Rachel Sterne is Cathie Black-esque, and Piers Morgan's ratings.

Martin Peretz is an obscenely wealthy moral cripple who owns the New Republic. His penchant for spouting ethnic slurs against Arabs recently earned him two lengthy and intense magazine profiles. Neither one saw fit to report that he is gay.

The New York Times is working to establish an untraceable electronic "drop box" that would make it easier and safer for leakers to pass them large electronic files. Implied: give your stuff to us, not Wikileaks. Please. [The Cutline]

Less than two weeks after checking into rehab at Dr. Phil's insistence, golden-voiced former homeless man Ted Williams has checked himself out against medical advice. This isn't the happy ending everyone was hoping for when this story started.

Another great move by deeply beloved and totally secure ABC News chief Ben Sherwood: he's reportedly hiring Dan Abrams. Yes, Dan Abrams, the current owner of a PR firm. To do some anchoring, there at ABC! How does that work?

Keith Olbermann has only been out at MSNBC for one weekend, but what will he do next? Some people on Facebook, Twitter and Daily Kos want him to run for Joe Lieberman's Connecticut Senate seat.

In your frostbitten Monday media column: Ed Schultz proclaims his independence, the Harper's union fight intensifies, major layoffs at the BBC, Mark Bittman's column changes places, and Col Allan communicates with subtlety.

Ben Sherwood, the newly minted and deeply hated president of ABC News, has launched an internal investigation into which one of his employees made that really mean video about him last month.

Eight percent of U.S. consumers would rather give up food than their cable, internet, or cell phone. Smart.

Quite recently, the New York Times, Washington Post, and LA Times were three of America's best newspapers. Now, they're each facing potentially era-ending challenges. Is there any hope for the Great American Newspaper? Sure—for the lucky ones.

Tunisia's interim government—basically the old regime without ex-President Ben Ali—today shut down a popular television station, Hannibal TV, for "grand treason" and arrested its owner. Hannibal was set to air an interview with a Communist party official. [NYT]

The BBC has apologized for an episode of the quiz show QI last month about the "unluckiest man in the world," Tsutomu Yamaguchi, who survived both atomic bomb attacks on Japan. The jokes didn't go over so well in Japan.

Keith Olbermann's career at MSNBC is over. The network announced this evening that it terminated its contract with Olbermann effective immediately, and the Countdown host shared the news in typically dramatic fashion on his show tonight. Olbermann's final words below.

Washington Post columnist Dana Milbank has gotten so tired of reading his own articles about Sarah Palin that he's proposing a "Palin-Free February" of news coverage. You can join him by taking a Twitter pledge! But why?

In your blissful Friday media column: Jeff Zucker's last (really, this time) goodbye, Nick Summers leaves the NYO, the Boston Globe may finally have a buyer, and Newsmax is disturbingly strong.

James Reynolds spent nearly four years as a copy editor at Rolling Stone publisher Wenner Media. Now he's suing the company for failing to pay him overtime for his crappy work, which required no "creativity or imagination."

The NYT has just named Trish Hall as its new Op-Ed editor. Interesting choice: much of Hall's career at the paper has been spent not in hard news, but in features—food, travel, style. She even edited Martha Stewart's magazine.

Investigative journalism god Seymour Hersh hasn't been a favorite of the Pentagon since, oh, 1969 or so. That trend continues to this day! Currently, the military is mad that Hersh said they're "crusaders" who wanna "change mosques into cathedrals." And?