So much for the truce between MSNBC and Fox. Since news of a cease fire (or at least a ratcheting down of the rhetoric) appeared in the pages of the New York Times twelve days ago, whatever fragile peace the two networks negotiated has dissolved into the usual volley of insults. Bill O'Reilly is once again the worst person in the world, according to Keith Olbermann. And MSNBC's parent company, GE, is once again responsible for supporting terrorist regimes that are hell-bent on America's destruction, according to O'Reilly. Few at MSNBC and Fox News are happy the deal has unraveled—and both sides have said they're hoping to salvage it, an unlikely prospect at this point—although some of the most annoyed people around are the NBC staffers who are getting increasingly fed up with Olbermann's antics.

Earlier tonight Glenn Beck dropped in on the O'Reilly Factor for his regular Tuesday fat-chewing session with Bill-O, where he defended himself against the totally ridiculous allegations that he's intentionally stoking the irrational fears of village idiots across the land.

MSNBC just aired video of a man with a pistol strapped to his leg waiting for Barack Obama to arrive at a townhall in New Hampshire.

Fox News posted an astonishing 50% jump in profit last quarter amid a disastrous advertising recession, and it's basically the only thing making money in Rupert Murdoch's empire. Why? Because the GOP has cratered.

• The New York Times Co. is now publicly shopping the Boston Globe. Meanwhile, the list of potential acquirers is getting longer: The firm that bought the San Diego Union-Tribune is now a possible buyer. [AP, NYT]
• Related: The Globe is going to start charging to access its Web site. [E&P]
• News Corp. and GE were hoping to "ratchet down the rhetoric" when they ironed out a peace pact between MSNBC and Fox News recently. Keith Olbermann didn't abide by it, of course. (And Bill O'Reilly returned the compliment.) But Olbermann is still pretending it never happened. [WP, HP]
• It seems one embarrassment this week wasn't quite enough for Olbermann. Because he's resorting to shameless (and familiar) excuses to try and explain away the Richard Wolffe conflict-of-interest fiasco. [Gawker]
• Profits at CBS dropped by 96 percent in the second quarter. [WSJ]
• Why did Twitter go down yesterday? Blame the Russians. [NYT]

Tonight Keith Olbermann explained why he was ignorant of the fact that one of Countdown's regular political analysts/guest hosts is a working lobbyist — he's been too distracted grieving his mother's death. Boy, doesn't that sound familiar?!

Seemingly unfazed by the advertisers fleeing from his show over his inflammatory hate speech, Glenn Beck tonight played out a dumb skit where he imagined himself drinking with Nancy Pelosi, whose wine he spiked with poison.

After Glenn Beck called the president a racist Nazi, some of his advertisers decided that bottomless white rage is off-brand: Lawyers.com, Procter & Gamble and Progressive Insurance ads no longer appear during his show.

When CNN launched a new ad claiming (falsely) to be beat MSNBC and Fox News in viewers, Fox's flack retorted that Time Warner CEO "Jeff Bewkes is too smart to buy [CNN president] Jon Klein's bullshit." But Rupert Murdoch isn't.

Rupert Murdoch announced plans yesterday to charge for online access to all of News Corp's media properties. Coincidentally, the company posted a $203 million loss for its fourth quarter, down from a profit of $1.1 billion from the same period last year.

On Monday night, in response to a Times report alleging that Fox and NBC had brokered a deal to end his feud with Bill O'Reilly, Keith Olbermann lashed out at the world. Tonight it was O'Reilly's turn to rebel.

It's best to watch this clip without any context or introduction. Just click, and press play, and prepare to be entertained.

So today's Barack Obama's birthday, that is, if you believe the information provided on that fake Hawaiian birth certificate of his. So to commemorate the occasion, Glenn Beck put together a loving tribute to our black, Muslim, communist czar.

• Keith Olbermann took Times reporter Brian Stelter to task last night for reporting that News Corp. and GE had worked out a deal to tone down the rhetoric between MSNBC and Fox News. But he didn't disagree with everything Stelter reported. Conveniently, only the bad stuff about him was wrong. [NYM]
• More bad news for Olbermann: MSNBC now admits it made a mistake by not disclosing that Countdown fixture Richard Wolffe is a paid lobbyist. Naturally, Olbermann had absolutely no idea about any of this. [Politico, Salon]
• Condé Nast is shedding more staff. This time around it appears the media giant's receptionists will be paying the ultimate price. [Gawker, NYM]
• Reps for Bruce Wasserstein met with BusinessWeek execs yesterday to discuss a bid for the magazine. Joe Mansueto, the founder of Morningstar and owner of Fast Company, may be a potential bidder as well. [BW]

Have you seen the videos of angry conservative activists disrupting the hell out of health care reform town hall meetings? Well, as the Daily Show points out, some of their material came from the folksy vegetables on Fox & Friends.

We all know that the types of people who watch Glenn Beck on Fox News aren't exactly intellectual leviathans, but what does it say about their collective sanity when Beck has to lecture them on-air about the perils of mass-murder.

Tonight Keith Olbermann returned from vacation and used his "Worst Persons" segment to emphatically rebuff the Times report stating that he and Bill O'Reilly's feud has been muzzled by corporate chieftains. He also addressed the Richard Wolffe situation online.

Salon columnist Glenn Greenwald posted a scathing column about the armistice between GE and News Corp meant to end Bill O'Reilly and Keith Olbermann's fueding. It's a chilling read, and brings in a tangentially related player: Richard Wolffe.

• Détente? The feuding between Fox News and MSNBC has grown so fierce that News Corp.'s Rupert Murdoch and GE's Jeff Immelt met up recently "to figure out how to defuse tensions between the two channels." [LAT]
• The Boston Globe reports that two groups of investors have submitted preliminary bids to buy the newspaper from the New York Times Co. [AP]
• Breathe easy: Oprah has not been harmed. The suspicious package outside Winfrey's Harpo Studios this morning turned out to be harmless. [AP]
• All that idiocy on Lou Dobbs' part over the past couple of weeks hasn't done much to boost his ratings on CNN. His numbers continue to fall. [NYO]
• Those McKinsey consultants are paying off! Editors at Condé Nast were told yesterday they'll no longer be reimbursed for newspapers. [Daily Intel]

Bill O'Reilly recently agreed to let fellow Mexican-hater Lou Dobbs onto his show to talk about how Barack Obama is from Kenya. But Dobbs' employer CNN apparently wouldn't let him appear on its chief competitor, Fox News. Imagine that.