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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Fox parent company News Corp. recently agreed to a $3 billion, 20-year deal with the Los Angeles Dodgers to televise their games. Unfortunately, that deal was cut with Frank McCourt, who has since seen the team been taken over by Major League Baseball.

This morning Bloomberg reports that the trusteee MLB commissioner Bud Selig will appoint to run the team may not take so kindly to the deal:

The trustee would take a very serious look at that deal and could very well void it,” Neal Pilson, a former president of CBS Sports, said in an interview, noting he isn’t privvy to the details. “He may very well think the team can get more money if they put it up for bid.”

Just when you thought the situation with the Dodgers couldn’t get any more ridiculous…