Updated: Glenn Beck is out at Fox News Channel.

Beck’s Mercury Radio Arts and FNC have reached a deal which will see Beck  “transition off of his daily program” later in 2011.

Beck’s much-reported troubles with the advertising community are believed to play a role in the decision.

Nonetheless, News Corp. CEO Rupert Murdoch has on a few occasions defended Beck and his program from advertiser issues, including in a call with shareholders last year:

One wanted to know how long Fox News would “subsidize” the show, which is “filled with house ads.”

Read More at Media Bistro By Alex Weprin, TVNEWSER

Get the news the mainstream media doesn't report. Sign up to get our daily newsletter and like us on Facebook