Banish VST Instruments & Media Bay pane

This has got to be a common question but I couldn’t find it in a search of the forum, but how do I get rid of the VST Instruments/Media Bay pane in my Project Window? That thing takes up way too much real estate and I want to do more with my tracks but can only see a measure at a time.

Thanks.

Cubase Elements 8
Windows 8.1

http://www.steinberg.net/forums/viewtopic.php?f=226&t=69943&hilit=dock+mediabay