Long-time CNN news anchor, Lou Dobbs, announced on Wednesday that he'll be leaving the network.  Dobbs resignation comes effective immediately, and he'll be replaced by John King.

King is currently the anchor of CNN's Sunday Morning program, "State of the Nation".  He'll evidently remain in that post until early 2010.  Most people probably know him from his work on CNN's "magic wall" during the 2008 election season.

Dobbs didn't say where he was going next, but did say he has some plans up his sleeve.

"Some leaders in the media, politics and business have been urging me to go beyond my role here at CNN and engage in constructive problem-solving," Dobbs said mentioning the growth of the middle class, health care and immigration. "I will continue to strive to deal honestly and straightforwardly with those issues in the future."

Dobbs was one of the first anchors on CNN in 1980, so it seems a bit odd that he would resign so abruptly.