Lou Dobbs to Resign from CNN Tonight!

Lou Dobbs, the longtime CNN anchor whose anti-immigration views have made him a TV lightning rod, plans to announce tonight that he is leaving the network, two network employees told the New York Times.

A CNN executive confirmed that Lou will announce his resignation plans on his 7pm program. His resignation is effective immediately; tonight’s program will be his last on CNN. His contract was not set to expire until the end of 2011.

Lou has been with CNN since its founding, save for a two-year stint at an upstart Web site Space.com. He has evolved over the years from a straight-laced business anchor to an outspoken commentator who rails against illegal immigration and taxpayer bailouts, among other subjects.

There are rumors that he will be joining the Fox Business Network.

Update: Here's Lou resigning. He lets CNN have it (in a nice sorta way).