Morning Report: Tough night for Fox News

* Alessandra Stanley: “Fox News was the channel to watch on this election night.” (nytimes.com) | Roger Ailes’ network had “the most bizarre on-air encounter of election night.” (nytimes.com)
* The five stages of Fox News grief. (slate.com)

* Fox News: Five ways the mainstream media tipped the scales in favor of Obama. (foxnews.com)
* Dick Morris, who predicted a Romney landslide, explains what went wrong. (dickmorris.com)
* Nate Silver takes his bows after correctly calling the election. (allthingsd.com) | WaPo checks out the fake Silver Twitter account. (washingtonpost.com)
* Mark Cuban to Silver: “Way to stick to your guns and ignore the noise!” (@mcuban)
* How newspapers played Obama’s re-election on their front pages. (huffingtonpost.com)
* ABC News had a power outage just as the election was being decided. (AP via google.com)
* Did “tipsy” Diane Sawyer start celebrating early? (AP via freep.com) | “Definitely probably drunk.” (gawker.com)
* Jay Rosen hands out his 2012 campaign coverage awards. (jayrosen.tumblr.com)
* Politico had over 40 million page views on Tuesday. (mediabistro.com)

* Check out larger views of the Bloomberg Businessweek covers on the left. (businessweek.com)
* The gubernatorial candidate backed by the Seattle Times with a controversial ad campaign refuses to concede. (seattletimes.com)
* News Corp. earnings get a boost from an asset sale, but the publishing division’s profit drops 48%. (wsj.com)
* WSJ: Cable operators are concerned consumers might be canceling their pay-TV services in favor of cheaper options, like online video. (WSJ.com) | Earlier: My break-up with Comcast. (jimromenesko.com)
* Netflix now accounts for 33% of peak residential downstream traffic in North America. (gigaom.com)

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