Shepard Smith's boss and Fox News senior vice president on the many talents of the guy Fox News puts on the air to prove it's not a network entirely full of crazy people, to the Washington Post.

How do you annoy the maximum number of Liberal blogs with minimal effort? If you're Fox News, all you have to do is shut down the YouTube channel that supplies them with infuriating O'Reilly Factor clips. They did this today!

In his announcement that last night's broadcast would be his last for CNN, Lou Dobbs reassured viewers that he is "considering a number of options and directions" next. Which one will he choose? Let's set the odds.

• Lou Dobbs is leaving CNN! Tonight's his last show! Happy Wednesday! [NYT]
• Condé Nast magazines have lost a collective 8,359 pages of advertising in 2009, which represents a 31 percent decline from a year earlier. [NYT]
• One thing that Hearst has going for it: lots of cash in the bank. [NYP]
• Banker-turned-media investor Jimmy Finklestein is reportedly buying the Hollywood Reporter, Billboard, Adweek, and a few other Nielsen titles. [Wrap]
• Current TV is keeping current with the times and laying off 80 staffers. [LAT]
• TV: Joss Whedon's Dollhouse has been canceled by Fox; meanwhile, ABC has decided that Kelsey Grammer comedy series Hank will exist no longer.
• Détente? President Obama has agreed to give Fox News an interview. [HP]
• The New Yorker sure has lots of writers and editors! [NYO]
• Reality TV is slowly killing us. So says Vanity Fair's James Wolcott. [VF]

This memo went out to News Corp employees today, advising them of a protest that should be going on right now. [UPDATE: It's birther queen Orly Taitz and her Birther Brigade!] Please send us dramatic action photos immediately. (Some below!)

Tonight, in the midst of browbeating the media for missing the "all Muslims burn with hatred for America" angle of the Ft. Hood shooting story, O'Reilly terribly misinterpreted why we're trying to win hearts and minds in the Middle East.

• Comcast and GE have reportedly agreed that Jeff Zucker will remain the CEO of NBC Universal as part of their proposed $30 billion joint venture. Well done, gentlemen. Good to see things get started on the right foot. [Reuters]
• In related news, Zucker's totally brilliant plan to move Jay Leno to 10pm is paying off beautifully. Leno sank to a brand new ratings low last night. [NYT]
• Anita Dunn, the White House communications director who started the administration's war with Fox News last month, is stepping down. [WP]
• Hey, it's not all bad news for Condé Nast. Self is doing pretty well. [WWD]
• The creators of Will & Grace are working on a Twitter-inspired show. [THR]
• The nominations for the 2010 People's Choice Awards were announced today, just in case you happen to be care about that sort of thing. [LAT]
• Aerosmith is looking for new lead singer, in case you're job-hunting. [LAT]
• George Lopez and Wanda Sykes' debuts this week scored solid ratings. [NYT]
• Simon Cowell made $75 million last year, earning him the top spot on Forbes' list of primetime's top-earning men. Ryan Seacrest exploded in tears when he heard he came in No. 3 with $38 million. Or so we'd like to think. [Forbes]

Maybe Glenn Beck raped and murdered a young girl in 1990, and maybe he didn't. Wherever the truth lies, it's clear that the World Intellectual Property Organization has decided that he can't stop the internet from asking the question.

• Is Oprah preparing to leave her syndicated show behind and take her act to OWN, her long-delayed cable network? That's the rumor anyway. [DH]
• The new editor of the Observer is Kyle Pope, formerly of Portfolio. [NYO]
• Cable meets kindergarten: Fox News will stop being mean to MSNBC only if MSNBC first stops being mean to Fox News, reports Rupert Murdoch. [NYT]
• Fortune and Time are expected to be hardest hit by layoffs at Time Inc. [NYP]
• Scripps has beat out News Corp. for control of the Travel Channel. [BN]
• Susan Plagemann has been named the new publisher of Vogue. Meanwhile, Tom Florio will now oversee Vogue, Bon Appétit and Traveler. [WWD]
• Bloomberg BusinessWeek (or BBW for short) has its new team in place. [NYT]

• The cuts continue at Time Inc. Fortune Small Business was shuttered today. And as many as 500 employees may lose their jobs when all is said and done. Meanwhile, parent company Time Warner reported a drop in revenues and earnings in the third quarter, as expected. [NYT, WWD, AdAge, NYP]
• Profits were up at News Corp. thanks to its film, cable, and book units. [BN]
• The publisher of Marie Claire has jumped over to Vogue. [NYO]
• Fox News came out on top in the ratings with its election night coverage. CNN performed miserably, dropping down to fourth place. [NYT, Politico]
• WNET is giving employees off between Christmas and New Year's. It's not to be nice; it's designed to cut costs since the days off are unpaid. [Crain's]
• A theory as to why Tom McGeveran quit the Observer. [Daily Intel]
• Highlights from last weekend's Tribeca Film Festival, Doha edition. [Vulture]

• Time Inc. is expected to announce plans to slash $100 million in costs next week; naturally, lots of layoffs will be involved in making that happen. [NYT]
• The Wall Street Journal is closing its Boston bureau. Also in Beantown: The Boston Globe's publisher has announced he's stepping down. [BW, NYT]
• The war between the White House and Fox News is over. For now. [DF]
• Esquire's latest bid for relevance: Its December issue will be tricked out with "an emerging technology called augmented reality." Sounds hot. [WSJ]
• Lou Dobbs says someone fired a shot at his New Jersey home/horse farm. He's yet to blame the population of Mexico. But just give it time. [CNN]

• Tom McGeveran took over as editor of the Observer after Peter Kaplan made his exit this spring, but now he's headed out the door as well. [NYO]
• Layoffs: The cuts at Condé Nast continue though they should end soon; the layoffs at Forbes this week were deep ones: 1 in 4 editorial staffers were let go.
• Newsday's website erected a pay wall today. Good luck with that. [E&P]
• The Michael Jackson movie This Is It sold $2.2 million in tickets on its opening night, which is pretty good considering it was a Tuesday. [LAT, NYT]

Glenn Beck's public image as a grandiose paranoid ex-drunk is so unshakable that now he's hoping his publicist Matthew Hiltzik's good reputation will rub off on him: He's got such a nice flack, he can't really be a monster, right?

Shepard Smith just cut off one of his correspondents at the knees, demanding after she conducted a live interview of the GOP's New Jersey gubernatorial candidate when she would give equal time to his Democratic rival. How awkward.

This Glenn Beck tweet links to a blog that has misread a piece of obvious (and terrible) satire, penned by a right-wing talk radio producer. Just like he did last week. They don't even get the unfunny jokes they make themselves!

• Bad news for CNN: The network now occupies fourth (and last) place in the cable news ratings. Not only did it fall behind Fox News and MSNBC in October, it also dropped below its sister network HLN as well. [DF, NYT]
• More bad news for newspapers: Sales were down 10 percent between April and September; the New York Times' weekday circulation has now fallen below 1 million for the first time in two decades. [AP, NYT, AdAge]
• As rumored, Forbes carried out a round of job cuts today. [NYT]
• Ricky Gervais will be the host of the 67th Annual Golden Globes. [LAT]
• If you love Top Chef and Top Chef Masters, you'll be pleased to hear that a third iteration, Top Chef: Just Desserts, will debut on Bravo next year. [THR]
• Rosie O'Donnell's new Sirius XM show debuts next week. Get excited! [USAT]
• Self editor Lucy Danzinger has no need for the Town Cars normally provided to Condé Nast editors. After she's finished running six miles in Central Park in the morning, Condé's bravest editor straps on a helmet and bikes to work! (Except when it's snowing or she has an important meeting, of course.) [NYT]

The setup: Fox Anchor Gregg Jarret's talking at Democratic New Jersey Rep. Rob Andrews about constitutional powers and requirements for insurance. It slides into debating the Framers' intent. Andrews invokes Fox's "Fair and Balanced" line, and Jarret gets huffy.

• The job cuts at Condé Nast continue. (Apparently laying off everyone at once would have just been too easy.) Yesterday it lowered the boom at Vanity Fair and GQ, although VF editor Graydon Carter managed to shield his eyes from carnage since he'd jetted off on vacation earlier that morning. [NYP, WWD]
• News Corp. appears to be the front-runner to buy the Travel Channel. [NYT]
• NBC has picked up Community, Parks and Recreation, and Mercy for the full season. It's also signed Adam Carolla and Don Cheadle to each do a show.
• Last night's premiere of The Jeff Dunham Show set a new record for Comedy Central, which, if you've seen Dunham, is a sad statement indeed. [Wrap]
• Silliest rumor of the day: Politico reported this morning that friends were urging Fox News chief Roger Ailes to run for president in 2012. But that's not going to happen, of course, so a few hours later Politico posted Ailes' denial.
• The first official portrait of the Obamas was taken by Annie Leibovitz. [VF]
• A few early predictions for Best Picture, if you're interested. [LAT]

Look at that, a "reporter" for a "legitimate news organization" is co-hosting a "day of health care events" sponsored by a conservative advocacy group! His name is John Stossel and as of last month he works for Fox News.