Friedman is set to meet tomorrow with Fox News chief Roger Ailes and John Moody, the news network's executive vice president for editorial, the source said. Friedman will have a chance to plead his case, but the meeting could well end with the columnist losing his job.

Friedman is in hot water for posting to FoxNews.com Thursday a review of the forthcoming movie Wolverine. The freelance columnist based his comments on an unfinished version of the movie that leaked onto the internet last week. "It's so much easier than going out in the rain!" he wrote. "I was completely riveted to my desk chair in front of my computer."

You can imagine how this went over at Wolverine producer 20th Century Fox, which last week called in the FBI to find out who leaked the film. The studio complained corporate sibling Fox News, according to Nikki Finke, and parent company News Corp. publicly condemned the review and requested its removal. Fox News promptly deleted the piece.

Finke wrote that Ailes then fired Friedman, a development seemingly confirmed by a statement News Corp. supplied to the New York Times, reading, "Fox News… terminated Mr. Friedman."

But Fox News' only statement on the affair (also given to the Times) is that "This is an internal matter that we aren't prepared to discuss at this time."

And in fact Friedman has not been fired, according to the Fox News source, although he could well be terminated during tomorrow's meeting. The delay in firing Friedman (despite News Corp.'s announcement) could be read as a play by Ailes to assert the news division's independence from film studio 20th within the News Corp. empire.

The meeting also gives Fox News time to reconcile its own definition of journalistic ethics with 20th Century Fox's. The film studio says Friedman shouldn't have broken the law in the service of a story. But Fox News seems more comfortable with such mischief. Network anchor Shep Smith wasn't fired after he was arrested for running over a competing reporter with his car so he could snag parking space, even though the incident resulted in felony battery charges (later apparently dropped without explanation).

When Bill O'Reilly's former producer accused the Fox News host of sexual harassment, producing lengthy conversation transcripts O'Reilly never denied, sibling publication the New York Post slammed her in a story headlined "'Lunatic' O'Reilly Gal Went Nuts in Bar." O'Reilly settled the suit and, of course, retains his job.

And Fox is unrepentant about stalking a liberal blogger, sending a camera crew to tail her from her apartment across state lines to Virginia.

Aside from her unofficial role as her husband's consigliere, Deng is the chief strategist of MySpace China. So it's hardly unusual for her to show up at the office. Indeed, since MySpace China's CEO abruptly quit last September and still hasn't been replaced amid ongoing boardroom drama, she might as well be running the show.

Yet MySpace China is more or less a failure, with less than 10 million users at last count, against rival Chinese services with more than 100 million users in the country.

Meanwhile, there is what looks like an ongoing smear campaign suggesting that MySpace CEO Chris DeWolfe and Deng, who both serve on MySpace China's board, had an affair — one that some claim is spread by Roger Ailes, a rival executive at News Corp. We have to wonder: If MySpace China had a business worth talking about, would anyone be dwelling on this rumor?

This insane theory, though, goes like this: the true target of the smear isn't Wendi at all, but rather Wall Street Journal editor Robert Thomson, and one of the rising golden boys of the News Corp. empire and therefore a threat to Roger Ailes, the head of Fox News. Thomson, whose life story is uncannily similar to Rupert's, also has a Chinese wife, Wang Ping, who happens to be friends with Wendi. Thus, the damaging suggestion about Thomson would be that Ping had aided and abetted Wendi in her dalliance. The only person who'd try to pull off such a crazy scheme? Naturally, News Corp.'s resident master of dark arts and head of Fox News, Roger Ailes. Which brings us full circle back to Wolff's book, which has supposedly caused a rift between Ailes and Murdoch because it, as the New York Times reported in October, "suggests that Mr. Murdoch is at times embarrassed by Fox News, which he owns, and its chief executive, Roger Ailes, and that he often shares 'the general liberal apoplexy,' as Mr. Wolff writes in the book, toward Fox News and its perceived conservative slant."

So there you have it. A crazy theory so crazy it could be true (but probably isn't!). I'm going to head off to Wolff's party now and see if I can dig up something actually substantial. If you know anything about who's behind the Wendi rumor, please email me.

Roger Ailes, chairman of Fox Business, said he would not settle for "anything short of a revolution," given the vast resources and advertising Fox is able to deploy. At this rate, Fox Business Network shouldn't be aiming at CNBC; the network, with its bubbly and attractive correspondents, is competing with personal blogs with virtually no expenses. Maybe what Fox Business needs is more cleavage. Move the ticker to the top of the screen, Roger. (Photo from TVHeads.com)