FIRST CUTS: Coulson’s News Corp. severance; Morgan vs. Olbermann

Our list of stories that should be on your morning media menu:

• What happened to the gun-brandishing Libyan state TV news anchor? (TV Newser)

• Turns out former News of the World editor and phone-hacking suspect Andy Coulson was being paid a pretty sum by News Corp. even after he took a job as the flack for Prime Minister David Cameron. (BBC)

• Things are starting to get heated between Piers Morgan and Keith Olbermann. (Mediaite)

• A "small town paper for the entire internet." (VentureBeat)

• Former New York governor and former CNN host Eliot Spitzer has been slapped with a libel suit over a Slate column he wrote. (Reuters)