Former CNN anchor and immigrant hater Lou Dobbs is thinking about running for elected office. (He may mount a campaign for Senate from New Jersey, but he hasn't ruled out a run for president.) So now it's time to backtrack to try and woo that all-important Latino demographic! Dobbs now says he supports plans to legalize undocumented workers, an idea he ripped apart nightly for, oh, years when he was sitting in the anchor chair at CNN. And he's now "trying to wipe away his image as an enemy of Latino immigrants by positioning himself as a champion of that fast-growing ethnic bloc." As a champion, no less! Buena suerte with that, Lou. [WSJ]

Oh, seriously? "In a little-noticed interview Friday, Mr. Dobbs told Spanish-language network Telemundo he now supports a plan to legalize millions of undocumented workers, a stance he long lambasted as an unfair 'amnesty.'"

According to the doublespeak-named Americans for Legal Immigration (which means something more like 'Americans against them swarthy fellas') 3514 people have pledged to support the Dobbs at loudobbsforpresident.org — and activity has gone up since he quit his show.

Things are not all death and decay in journalism. Now that Lou Dobbs said he's considering running for president in 2012, covering the GOP primary could be the easiest path to fame and riches left for a reporter.

• New Moon smashed expectations this weekend, racking up $140 million at the box office and setting a record for the third-biggest opening ever. [NYT]
• News Corp. and Microsoft are in talks to remove News Corp. content from Google and have it appear on Bing, Microsoft's search engine. [FT, Bloomberg]
• O is slumping, so Hearst is now planning to makeover the magazine. [NYP]
• Talks between GE and Vivendi over NBC seem to have hit a roadblock. [WSJ]
• Project Runway's finale generated solid ratings for Lifetime, but it still didn't reel in the number of viewers it did when it aired on Bravo. [WWD]
• Scary: Glenn Beck is now looking to be more of a "political organizer." [NYT]
• Also scary: Lou Dobbs wasn't kidding about running for president. [NYDN]
• Katie Couric: serious anchor by day, sexy dancer by night. [Gawker]

• Oprah got all teary today when she announced she'll end her talk show two years from now. Meanwhile her upstart cable network announced it'll launch in January 2011, eight months before her talk show goes off the air. [EW, THR]
• Oprah isn't the only one planning her goodbyes. Bill Moyers announced today that he's retiring and will wrap up his weekly PBS show in April 2010. [NYT]
• Former NY1 anchor Dominic Carter was found guilty of misdemeanor attempted assault today for roughing up his wife last year. [NYDN]
• Last night's season finale of Project Runway was the highest-rated episode of the season; meanwhile, winner Irina Shabayeva describes what's next for her.
• The new Twilight sequel, New Moon, isn't just causing excitable teens to pass out in droves. It's also on track to break a few box office records. [AFP, AP]
• More on the bloodshed at BusinessWeek the past few days. [FBNY]
• Tina Brown has herself a new right-hand man at The Daily Beast. [NYP]
• Yet another book by reality TV star Lauren Conrad is on the way. [NYDN]
• Phil Falcone's Harbinger has cut his stake in the Times once again. [Reuters]
• The scariest news ever: Lou Dobbs has left open the possibility that he'll make a run for the White House in 2012. And he wasn't kidding. [Reuters]

• Down-and-out former pageant queen Carrie Prejean must be getting really desperate: She's turning to Donald Trump for career advice. Trump suggested she "become a major porn star," make tons of cash and then "give it to worthy causes." Clearly, it's this type of forward thinking that has made Trump the business titan he is. [P6]
• Nic Cage's lawyer now says the countersuit by the actor's former business manager—Samuel Levin claims he warned Cage about his "compulsive, self-destructive spending" years ago—is "ridiculous." As for Cage himself, he's in Somalia right now facing down evil pirates since he's under the impression that his life is one big action movie, but says he'll sort everything out once he gets back to the States. [P6]
• Lou Dobbs is taking a vacation now that he's no longer with CNN. Mexico is not on his travel itinerary, in case you were wondering. [NYP]
• Larry King's 10-year-old son is the luckiest boy in all of Los Angeles today: He's been signed to host his own cable TV show. Ain't nepotism grand? [TMZ]
• Amy Winehouse's dad says his daughter's new breast implants are leaking, which is why she's been in the hospital recently. But presumably that's to be expected if you poke yourself with needles all day, no? [Sun]

In your well-regarded Tuesday media column: A Washington Times editor reaches his breaking point, the NY Daily News makes a bizarre investment, Lou Dobbs has a terrifying new career option, and magazines are now pointless.

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)

• Oprah's interview with Sarah Palin aired today, as you know by now. [AP]
• The deal between GE and Comcast to give the cable giant control of NBC Universal could be finalized in the next few days/weeks, although approval from Washington could take some time. [DF, THR, WSJ]
• Lou Dobbs didn't walk away from $9 million when he departed CNN. He reportedly got paid $8 million in severance to walk out the door. [NYP]
• The largest gay newspaper publisher in the U.S. has shuttered. [NYT]
• Budget Travel may be the magazine to die. [Daily Intel]
• The cost-cutting McKinsey consultants have landed at Dow Jones. [Forbes]
• 2012 destroyed the box office this weekend, reeling in $65 million. [THR]

• George Stephanopoulos will probably replace Diane Sawyer on GMA. [TDB]
• Now that Bloomberg LP is talking over BusinessWeek, columnists Maria Bartiromo and Jack Welch are both parting ways with the mag. [NYP]
• CNN is laying off four of its web anchors since it no longer plans to produce live video on CNN.com. The good news? With Lou Dobbs no longer on the payroll, it should save $9 million over the next few years. [NYT, [NYP]
• Euna Lee, one of the two CurrentTV reporters who was imprisoned in North Korea earlier this year, has scored herself a six-figure book deal. [NYT]
• Shares of Playboy jumped yesterday after it was reported the apparel conglomerate Iconix was in talks to acquire the (struggling) company. [NYP]
• Another senior Observer editor is bidding goodbye to the paper. [Politico]
• Fashion mags are expecting their fortunes to improve in 2010. [WWD]
• Is the Fox Business Channel a lost cause at this point? [VF]
• Television is more getting more and more obscene, supposedly. [NYT]

• 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]

No, he does not. But CNN will replace the departing Lou Dobbs with mild-mannered touchscreen jockey John King, doubling-down on the admirable straight-news strategy that has catapulted it to the bottom of the cable news race.

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.

Dobbs would fit much more snugly into the right-wing stable of shouting heads over at Fox than he did at CNN, where he made an awkward lie of the cable network's attempt to position itself as a non-partisan straight-news alternative to MSNBC on the left and Fox News on the right. But Dobbs hasn't exactly been a ratings dynamo: He was recently losing not only to Shep Smith at Fox but Chris Matthews at MSNBC and even Jane Velez Mitchell at CNN's HLN (formerly Headline News). Burn.

• 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]

• 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]

In your dark Tuesday media column: the layoff train is rollin' down the tracks that many magazines now regret installing in their offices, the San Francisco Chronicle flounders like a flounder, Wonkette hates Politico anew, and John Stossel vs. Lou Dobbs.

• The New York Times Co. reported a $35.6 million loss for the third quarter as ad revenue plunged 30 percent. But it was better than what Wall Street analysts were predicting, so the stock shot up 22 percent today. [NYT]
• New York magazine's chief says there are no plans to sell the magazine following last week's death of owner Bruce Wasserstein. [AdAge]
• Newsday plans to charge $5 a week to access to its website. [NYT, [E&P]
• Fortune is cutting back on the number of issues it publishes. And Time Inc., Fortune's publisher, is planning another round of job cuts. [WSJ]
• On the same day Sarah Palin's memoir is published, the Nation will release Going Rouge, an identical-looking book that mocks the ex-governor. [Politico]
• As if losing billions of family money wasn't enough of a punishment, France says it plans to put Warner Music chief Edgar Bronfman Jr. on trial for insider trading in connection with the 2000 merger of Vivendi and Seagram. [NYP]