If you thought CNN's ratings could not sink any lower, here comes a gaping hole in the ocean floor.

CNN's one man Minuteman force, Lou Dobbs, announced he's leaving CNN as of tonight. He's stepping away from his contract with the news network two years early and leaving television...for now.

He hasn't announced if he's leaving for another network or even another job in or outside of television, even though he was seen getting cozy with Fox's Roger Ailes two months ago. But neither Dobbs nor the network have confirmed if he's going to be hired by the Fox News Channel. Translation? He's going to be hired by the Fox News Channel.

When The CW launches in the fall, there will be a bunch of UPN affiliates out there that lose all their programming. At least ten of those affiliates are owned by FOX, which announced that it will launch its own mini-network on those stations and call it My Network TV. To begin with, FOX will provide two original dramas, called Desire and Secrets,  that will air six nights a week for 13 weeks (like the telenovelas on Univision). The new network launches in major U.S. cities including New York, Los Angeles, Chicago and Dallas, on September 5th. The mini-network is going to be run by Roger Ailes, the man responsible for Fox News Channel.