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.

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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

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