Highlights of Rosie's announcement on "The View," GLAAD pays tribute to her too...

Here's what Rosie O'Donnell said this morning on The View as reported by AfterEllen.com:
"It's Wednesday, April 25th, and you know what that means? It's the day after Barbra Streisand's birthday. [giggles and murmurs; Barbara Walters puts her head in her hands] And there's also breaking news. I've decided ... we couldn't come to terms, so I've decided I'm not coming back next season, but I will co-host [etc. etc.] and don't be sad because I'll still be here, just not every day."
Rosie explained that she wanted a one-year deal, while ABC wanted three years. She insisted that she wasn't fired by ABC or Barbara Walters -- "They're not kicking me out!" she said. She added that she'll be on the show frequently next season as a guest-host after she makes her exit in June, and will participate in special episodes as well.
Elisabeth Hasselbeck: Once a week?
Rosie: Maybe.
Barbara Walters: You told us to be upbeat, but I'm not, I'm sad.
Barbara makes it clear that she had nothing to do with the negotiations and that they haven't thought about a replacement because they thought Rosie was coming back.
Rosie: Will you miss me, Joy?
Joy Behar: I'll tell you who's really sad. Donald Trump. He's on a ledge right now.
Rosie asks Elisabeth how she's feeling about the news.
Elisabeth: I think I'm in denial.
To her credit, Elisabeth says that Rosie has been a great catalyst and has really sparked conversation.
After the break, Elisabeth accidentally says she thinks Cheney would be a good candidate for 2008 (she meant to say McCain) and Rosie dramatically falls off her chair. And that, Rosie, is why we'll miss you.
Joy: He's coming live. He was gonna do a phoner, but we said no.

TMZ.com has the video. Click HERE to see it.

Also, here is a statement from GLAAD President Neil G. Giuliano on Rosie's departure: "From her first day on The View, Rosie put lesbian, gay, bisexual and transgender issues front and center in America's living rooms. "By telling stories about her own family, her wife and children, she brought unprecedented visibility to our lives and significant cultural change during a time when we are fighting every day in this country for equality. While always opinionated and sometimes controversial, Rosie used her national platform to tell our stories, and for that, gay people and our straight allies will always be grateful."

And finally, HERE is a clip of Joy Behar bagging on the moron that is Donald Trump. The combover king is gloating, of course, and on Wednesday said: "Rosie's a loser and she continues to be a loser. ABC fired her and I'm proud to say that I probably had a part in it."