CNN exile Rick Sanchez is not a big fan of cable news.

“It’s an ugly, nasty, vitriolic business,” Sanchez, 53, says from his home in Atlanta. “Every day, it’s a knife fight in an alley, and you don’t walk away from a knife fight without a lot of blood on you.”

That’s why Sanchez, dropped by CNN last October, is about to dive into the less bloody (he hopes) talk-show game.

The Cuban-born newsman is in talks to host a syndicated show out of South Florida, to be shot in both English and Spanish, he confirms. Sanchez would have equity in the program, which will be taped with a studio audience at the Cardozo Hotel in South Beach. Target launch date: fall 2012.

Sanchez’ long-time friend from Miami, Emilio Estefan, husband and producer of singer Gloria Estefan, will also be involved in the project. Not surprisingly, it will feature live music. The couple owns the Cardozo, among several other properties.

As co-host, Sanchez wants “a Hispanic-American female with national name recognition, possibly an actress,” he says. “A Latina Kelly Ripa.” ‘Desperate Housewives’’ Eva Longoria, perhaps? ‘Modern Family’s’ Sofia Vergara? No comment, he says.

Sanchez has other irons in the fire. He’s also talking to Spanish-language MegaTV, based in Miami, about creating programming. He met with the board three weeks ago. “They’ve got some pretty ambitious plans, and I’d love to be part of those plans,” he says.

Beginning in the fall, Sanchez will do radio football commentary for Miami’s Florida International

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