• 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]