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Lou Dobbs on the set of "Lou Dobbs Tonight" in September 2019. Photo: John Lamparski/Getty Images

Fox News has cancelled its business network's “Lou Dobbs Tonight" and will air the program's final show on Friday night, the LA Times first reported.

Why it matters: Dobbs, former President Trump’s favorite TV host, helped promote the baseless assertions of widespread voter fraud in the 2020 election. Conservative-leaning media companies, including Fox, are in the throes of navigating a post-Trump landscape.

The big picture: The cancellation comes after Smartmatic filed a $2.7 billion defamation lawsuit against Fox News, some of the network's hosts — including Dobbs — and members of Trump's entourage for launching a "disinformation campaign" against the company.

What they're saying: "...FOX News Media regularly considers programming changes and plans have been in place to launch new formats as appropriate post-election, including on FOX Business — this is part of those planned changes," a Fox News Media spokesperson told Axios.

  • “Lou Dobbs is and was great,” Trump said in a statement, per the New York Times. “Nobody loves America more than Lou. He had a large and loyal following that will be watching closely for his next move, and that following includes me.”

The state of play: Instead of Dobbs' show at 5 p.m. and 7 p.m. EST on the Fox Business Network, the slots will be filled starting Monday with "Fox Business Tonight," which will be hosted by Jackie DeAngelis and David Asman on a rotating basis.

  • Dobbs, 75, remains under contract at Fox News.

Go deeper: The right-wing media decoupling

Go deeper

Smartmatic files $2.7 billion lawsuit against Fox, Rudy Giuliani, Sidney Powell

Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Voting company Smartmatic on Thursday filed a $2.7 billion defamation lawsuit against Fox News, some of the network's top hosts, Rudy Giuliani, and Sidney Powell for starting a "disinformation campaign" against the company.

Why it matters: This is the second voting company to file a lawsuit against Giuliani and Powell, following Dominion Voting Systems' two $1.3 billion defamation lawsuits against the pro-Trump lawyers.

Former Sen. David Perdue to launch bid for Georgia governor

Photo: Megan Varner/Getty Images

Former Senator David Perdue (R) plans to announce a campaign against Georgia's incumbent Republican Gov. Brian Kemp Monday, according to a source familiar with Perdue's thinking.

Why it matters: Perdue's challenge to his former ally Kemp sets up an unprecedented "scorched earth" battle between Georgia Republicans fueled by former President Donald Trump, in the battleground state. The news was first reported by Politico.

Updated 24 mins ago - Politics & Policy

Bipartisan tributes flood in for "giant of the Senate" Bob Dole

Then-Vice President Joe Biden and former Sen. Bob Dole at an event put on by the World Food Program where he was awarded the first “McGovern-Dole Leadership Award” in December 2013. Photo: Douglas Graham/CQ Roll Call

Republican and Democratic politicians, including former Senate colleagues, are sharing condolences and memories commemorating the life of Bob Dole, who passed away at 98 on Sunday morning.

The big picture: Dole, the Republican presidential nominee in 1996, was the longest serving Republican leader in the Senate until 2018, when current Senate Minority Leader Mitch McConnell surpassed his record.