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MSNBC, for a change, makes a good decision.

After reportedly seeking a four-fold increase on his pay, MSNBC anchor Keith Olbermann renewed his contract with the network for four more years. Per the deal, he will continue hosting Countdown with Keith Olbermann, and take on new roles contributing occasional essays to NBC's Nightly News and hosting two primetime Countdown specials a year on NBC.

Somewhere Bill O'Reilly is grinding his teeth and it's good.