The regular expression you'll need here can be a bit tricky, because, hostnames can be infinitely complex -- you could have multiple subdomains (ie. foo.bar.baz.com), or the top level domain (TLD) can have multiple parts (ie. www.baz.co.uk).
Ready for a complex regular expression? :)
re = /^(?:(?>[a-z0-9-]*\.)+?|)([a-z0-9-]+\.(?>[a-z]*(?>\.[a-z]{2})?))$/i
new_url = o_url.host.gsub(re, '\1').strip
Let's break this into two sections. ^(?:(?>[a-z0-9-]*\.)+?|)
will collect subdomains, by matching one or more groups of characters followed by a dot (greedily, so that all subdomains are matched here). The empty alternation is needed in the case of no subdomain (such as foo.com). ([a-z0-9-]+\.(?>[a-z]*(?>\.[a-z]{2})?))$
will collect the actual hostname and the TLD. It allows either for a one-part TLD (like .info, .com or .museum), or a two part TLD where the second part is two characters (like .oh.us or .org.uk).
I tested this expression on the following samples:
foo.com => foo.com
www.foo.com => foo.com
bar.foo.com => foo.com
www.foo.ca => foo.ca
www.foo.co.uk => foo.co.uk
a.b.c.d.e.foo.com => foo.com
a.b.c.d.e.foo.co.uk => foo.co.uk
Note that this regex will not properly match hostnames that have more than two "parts" to the TLD!