We all laughed when we saw the FOX job listing calling for a 'fact writer.'

Well, the joke's on us, since FOX has just announced it will be creating a 24/7 reality channel, creatively called Fox Reality. According to a report on MarketWatch:

The new network is currently slated to be seen in more than 18.5 million homes in its first year. Fox Reality recently secured agreements with bankrupt cable operator Adelphia Communications and Insight Communications.

The channel will be the companion network to Fox Fiction, also known as FOX News Channel.

Fox to debut reality channel in May [MarketWatch]
Fox News Job Opening: Stranger Than Fiction