On Tuesday, shortly after I broke the news that former CNN anchor and media correspondent Brian Stelter would be returning to the cable news network, Stelter himself confirmed that he would become its chief media analyst, formally assuming a job he had more or less been doing for free, albeit not exclusively, since April. Stelter will not reprise his previous role as anchor of a Sunday media show, but he will return to the helm of the Reliable Sources newsletter that he launched in 2015 and made into an essential nightly digest for media insiders—and, coincidentally, posing a considerable challenge to his erstwhile understudy, Oliver Darcy, who recently busted out of CNN to start a Reliable clone and competitor. Befitting the new economics of both media and television, Stelter will make a fraction of his previous salary.