Rosie O'Donnell by Heidi Gutman/ABC Rosie O'Donnell by Heidi Gutman/ABC

Unable to come to a contractual agreement with ABC Daytime, Rosie O'Donnell will conclude her duties as a cohost of The View in mid-June (allowing for at least three more grade-school-caliber back-and-forths with The Donald). "Working with Barbara [Walters], Joy [Behar] and Elisabeth [Hasselbeck] has been one of the highlights of my career, but my needs for the future just didn't dovetail with what ABC was able to offer me," Rosie says in a statement to ABCNews.com. "To all the viewers out there, I just want to say thank you for opening up your hearts and your homes to me this past year. But you can always find me at Rosie.com." ( Not recommended, however, for fans of complete sentences.)

ABC Daytime boss man Brian Frons says, "Going in we knew we would have an amazing year with [Rosie], and that anything beyond that would be gravy. And while we've tried to come to terms on a deal that would extend her [stay] on The View, we find ourselves unable to agree on some key elements."

View mother hen Barbara Walters deems the departure an amicable one, saying, "[Rosie] has given the program new vigor, new excitement and wonderful hours of television. I am very sad that ABC Daytime could not reach an agreement with her for a second year. We will all miss Rosie. She remains for me a cherished friend and colleague."

UPDATE: On Wednesday's broadcast, Barbara stressed that she, as View creator/coexecutive producer, played no role in the talks, saying, "This is not my doing... not my choice." Joy quipped that the news had Donald Trump wondering, "How can I resuscitate The Apprentice now?" while Elisabeth repeatedly called Ro a "catalyst," all but tipping off the latest entry on her Word-a-Day calendar.

Who will fill Ro's sensible shoes? Is Ann Coulter free? Walters says that with the news so fresh, no thought has been given to O'Donnell's successor.

Will you miss Rosie? Vote here. Is it time for The View to add a male cohost? Vote here.