• It's official: Will Ferrell is the most overpaid man in show business. [THR]
• Layoffs: BusinessWeek's cuts kicked off today; layoffs now loom at Time Inc. as the company awaits word on how many volunteers will accept buyout packages; and there's a bit more detail on this week's cuts at the AP.
• MSNBC's Joe Scarborough isn't exactly on fire at the moment. [NYO]
• Palinitis: The ex-governor's sit-down with Oprah on Monday generated the talk show queen her highest ratings in two years; Fox News clowns Bill O'Reilly and Sean Hannity are now at war over their respective Palin interviews; and people are still talking about that Palin Newsweek cover, for some reason.
• Vivendi has tossed a last-minute complication into the NBC deal. [NYT]
• Times reporter Jodi Kantor has landed a seven-figure book deal. [NYO]
• Breaking! The Emmys are moving from September to August. [THR]
• CNN's Candy Crowley is speaking out about her weight loss. At last! [LAT]

Lou Dobbs appeared on his pal Bill O'Reilly's show last night in his first interview since leaving CNN $8 million richer last week. And O'Reilly asked him the question that's been on many minds in recent days: Is Dobbs thinking about running for a U.S. Senate seat?

When blowhards collide: Tonight on the "O'Reilly Factor", thankfully retired CNN anchor Lou Dobbs announced that he is "thinking about a lot of opportunities"—including running for New Jersey Senate. Also: that Obama is not "the devil" (el Diablo)

• John King will be replacing Lou Dobbs at 7pm on CNN. [WP, NYT]
• CNN execs had been looking to part ways with Dobbs for many months now, although CNN president Jon Klein is denying that all the anti-Dobbs fervor had anything to do with his leaving. Meanwhile, Dobbs' departure is expected to leave up to 30 people without jobs. [TDB, NYT, AP]
• Dobbs' first post-CNN interview will be with Bill O'Reilly. Naturally. [DF]
• Iconix, the apparel company that owns Candie's, Badgley Mischka, and Rocawear, among other brands, is in talks to buy Playboy Enterprises. [BN]
• Bloomberg LP is ducking out of paying severance to BW staffers. [AdAge]
• A dozen staffers were laid off at Newsweek today. [Gawker]
• Martin Scorsese will receive the DeMille award at the Golden Globes. [LAT]
• Katie Couric is assembling media power lists now, apparently. [Forbes]

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.

What the hell was going on on The View today?! Bill O'Reilly was dressed as Count Floyd. Barbara Walters was possibly Lydia Deetz. O'Reilly argued with Whoopi about his book. Then O'Reilly got booed for dissing Rosie. But... why?

At the end of one of his frequent guest appearances on the O'Reilly Factor tonight, Glenn Beck made an exciting announcement.

Rush Limbaugh's built his career on inflammatory comments. They're his bread and butter. But, sadly for him, they also foiled his plans to buy part of the St. Louis Rams. Don't worry, though, because it's Bill O'Reilly to the rescue!

Five years ago today, a luminous young producer at Fox News named Andrea Mackris enriched all of our lives just a little bit by suing a lecherous fathead named Bill O'Reilly for trying to rub falafel on her private parts.

• There may be other suitors for NBC in addition to Comcast. Like News Corp. And Liberty Media. And Time Warner. Or maybe not. Time Warner CEO Jeff Bewkes, for one, says he isn't interested. [THR, DHD, Gawker, AdAge]
• More on the sale of BusinessWeek: "Knowledgeable sources" say Bloomberg is paying $2-$5 million in cash for the mag. And another source reports the mag will be changing its name to Bloomberg BusinessWeek. Naturally. [BW, NYT]
• The war between the White House and Fox News goes on. [NYDN, ABC, CJR]
• If you notice TV commercials seem more upbeat than usual, it's because the advertising world has decided to be cheerful and optimistic again. [NYT]
• The Atlantic has determined that NBC CEO Jeff Zucker and New York Times publisher Arthur Sulzberger Jr. are "Brave Thinkers," for some reason. [NYO]

Glenn Beck's doing well in the ratings these days. So well, that Bill O'Reilly doesn't mind letting his viewers know what he thinks of Beck, and that Beck doesn't mind letting his viewers know what he thinks of them. Frankness?

"Nearly one-third of Americans say they are less likely to watch Late Show host David Letterman following the funnyman's admission that he has had affairs with women who work on his CBS show, according to a poll released today." Really? But what will all these people watch on TV instead?

Lindsay Lohan makes her big Paris Fashion Week catwalk debut. Beyonce dad is impregnating women and moving women to the left. Vincent Gallo: still awesome. Liza Minella, Michael Jackson, Padma, Diller, the High Line! Here's your Sunday Morning Gossip Roundup:

Everyone's talking about The Wrap's report last night that cable giant Comcast is in talks to buy NBC Universal. We don't know if it's true or not, but one thing's for certain: If it is, Tina Fey is screwed.

• Twitter is close to raising $100 million in new funding. And despite the fact it makes no money, the deal will value the company at $1 billion. [WSJ, CNN]
• A new survey finds that 86% of the public thinks the news media tries to influence public opinion. One reason to discount the data: Fox News came in as the country's most-trusted and least-trusted news source. And Bill O'Reilly ranked as "the most-trusted news anchor on cable TV." [THR, Poynter]
• MTV reports that it plans to go ahead with the drug-intervention reality series featuring DJ AM that was shot just before he died. [THR]
• Michael Moore's new documentary is off to a strong start, alas. [LAT]
• Tim Knight, Newsday's publisher, has handed in his resignation. [NYT]
• Corynne Steindler of "Page Six" is joining Bonnie Fuller's new website. [NYO]
• NBC Nightly News' audience is growing, believe it or not. [HP]
• Yahoo is spending $100 million to remind you it still exists. [BrandChannel]
• CBS has a brand new viewer today. Chief exec Les Moonves and CBS Early Show anchor Julie Chen had a son named Charlie this morning. [ET]

Today, the New York Times asks: what's the difference between rappers and talk radio? David Segal—who admits being a huge fan of "gangsta rap"—compares Lil' Wayne to Michael Savage, Ludacris to Glenn Beck, and Jay-Z to Limbaugh.

Remember Jesse Watters? He's Bill O'Reilly's Boy Friday, the ambush reporter who was too scared to talk to John Cook, and the same guy who stalked the lawyer of murdered abortion doctor George Tiller. Well, ThinkProgress got to him.

Well well well! We liberals have caught Bill O'Reilly in another of his hypocritical lies! That conservative blowhard can't get away with announcing his... support of a government-backed public insurance option?

Glenn Beck and Bill O'Reilly didn't get tickets to last night's big Jay-Z show. So they decided to sit around and talk about how upset they were that they couldn't go. Thankfully, Beck didn't cry, but he did get huffy!

Bill O'Reilly is celebrating his 60th today; we're counting on you, Keith Olbermann, to make sure O'Reilly's big day is a very special one. Fashion designer Karl Lagerfeld is turning 76. Just in time for Fashion Week, model Coco Rocha is turning 21. Movie director (and Madonna ex) Guy Ritchie turns 41. Ryan Phillippe is turning 35. Actor Colin Firth is 49. Golfing legend Arnold Palmer is 80. Aerosmith guitarist Joe Perry is 59. The Post's Keith Kelly is 55. And NYC nightlife veteran Tracy Westmoreland celebrates his 53rd birthday today.