The smartest thing I read last night on Twitter was by Dan Kennedy. He wrote this: Does anyone really believe the nonsense that any election is a referendum on Obama? Here’s the referendum on Obama: 11/6/2012. It’s an easy headline, I know, and so tempting on this, the one-year anniversary of Obama’s history-making hope-bringing win [...]

I’ve run a few campaigns in my day, making me officially an old-timer – but why the numbers were close was obvious. Bloomberg’s vote total dropped precipitously. And Thompson, it turns out, had a base.

Election Day is upon us. But in the age of media overload, how do you decide how to follow it? Fortunately, Mediaite has put together a web-focused list of blogs, Twitter feeds, publications, and cable sources to guide you through the day:

Fox Business Network celebrated their two-year anniversary last week, and with the addition of Don Imus, the FBN brand has been discussed more recently than at any other time in the young channel’s history.

After talking to dozens of people who work or have worked at FBN, work at other business networks, or are part of the financial community, we’ve broken down where the network stands, two years in.

The news last night that Bloomberg had purchased BusinessWeek magazine has put the gigantic media company back in the spotlight. The impact may be seen on Bloomberg TV as well, which competes now with industry leader CNBC and two-year-old Fox Business Network.

But while Fox Business Network is adding new, and controversial, faces to the channel, Bloomberg TV is beefing up as it prepares for Fall as well, on-air and beyond.

It’s official: after weeks of speculation, Bloomberg has won the bidding for BusinessWeek. BusinessWeek reports (erm) that though terms of the offer will not be disclosed by either party, “knowledgeable sources say that Bloomberg’s cash offer is in the $2 million to $5 million range and that it has agreed to assume liabilities, including potential severance payments.”

Earlier, we noticed that former Governor Eliot Spitzer had mounted a comeback and cracked the Power Grid’s top 5 TV Pundits, putting himself right back in the spotlight. We chalked his most recent surge in face time up to some big money real estate deals and a new scandal involving a former aide, but this explanation overlooks Spitzer’s well-paced and respectable return to form. How has he once again become a man to watch?

As we reported last week, Bloomberg LLC had expressed interest in BusinessWeek late in the process, but was given extra time to perform due diligence. Well it appears that the bid has come in, according to Jon Fine, making them the presumptive favorite in purchasing the troubled title.

The deadline for final bids for BusinessWeek came and went yesterday, and its unclear whether or not Bloomberg LP would bid. The financial media giant is reportedly very interested in acquiring the troubled financial magazine, but since they got involved so late into the process, they will get an extra couple of days to perform due diligence and decide upon its bid.

As Fox Business Network approaches its two-year anniversary this October, several stories are giving an insight into how things stand with the network – and where they’re headed.

CNBC is the clear #1 business news network, and recent Nielsen numbers indicate this isn’t going to be changing any time soon.

After what felt like a short springtime respite from the downward spiral of the media world, the bad news has been picking up again of late. Last week Gannett laid off upwards of 1,400 people, late last month Vibe folded, and the NYT.com has announced it may soon start charging for access. Today Bloomberg is reporting that McGraw-Hill may be putting BusinessWeek up for sale.