It would be great if Fox could do a sort of news/comedy show with a host (Dennis Miller, P.J. O'Rourke, etc) depicting liberals as they actually are. It would sort of be a Daily Show or SNL for conservatives as SNL regularly has skits skewering conservatives and Republicans. It could also simply review the daily and weekly antics of libs with commentary provided by the conservative host. I think it would be a big hit, and I'm more than ready to help give ideas.
Keep in mind that most Americans have NEVER watched the daily show, or anything on comedy central. Of course Stewart has a demographic of loyal followers, including the left wing media...but I doubt they would ever tune into a conservtive version. Generally, I dislike copying format to swing it over to the right wing view...come up with something original, and it will succeed based on it's originality. Perhaps the South park boys would do a puppet take on working for a network news show? Team America Broadcast news.