The New York Times' Media Decoder blog reports:

Lou Dobbs, the longtime CNN anchor whose anti-immigration views made him a TV lightning rod, plans to announce Wednesday that he is leaving the network, two network employees said.

A CNN executive confirmed that Mr. Dobbs will announce his plans on his 7 p.m. program.

Mr. Dobbs informed his staff members of his intentions in a meeting Wednesday afternoon. He did not immediately respond to a telephone call seeking comment.

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UPDATE:

Dobbs makes it official: Under pressure, Dobbs announces his resignation from CNN