Good evening, greetings from New York, and welcome to a special edition of In The Room on what has truly been a historic and head-spinning 24 hours in the media world. This morning I was standing outside 30 Rock, waiting to meet with a source about the sudden Jeff Shell ouster, when I was alerted that Fox News was seconds away from firing Tucker Carlson. By the time I’d crossed the street to 1211 Avenue of the Americas, wishfully thinking I might spot a source there, I received yet another text: “You might wanna head to Hudson Yards, I hear something big is about to drop”—and, indeed, minutes later Don Lemon was announcing his own defenestration from CNN. Herewith, the full story on today’s anchormageddon.

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But then, in lightning fast succession, came the news that Tucker Carlson and Don Lemon had been defenestrated from their posts at Fox News and CNN, respectively, remaking the cable landscape, entirely, and rendering...