BoomTown is still cracking up over this video, another in the faux television talk show series on Funny or Die called “Between Two Ferns with Zach Galifianakis.”

His genius of an unlikely pairing this outing: Reality star Tila Tequila and Jennifer Aniston.

Aniston has become tiresome of late, due to the relentless press junketeering around her new movie with Adam Sandler called “Just Go With It.”

But somehow it works here for the consistently out-of-control Tequila to be on the same level as the perpetually pent-up and pinched Aniston, along with Galifianakis’s oddly put questions about the nuclear destruction of Rhode Island and a man dressed as a Speed Stick.

Enjoy:

The short story: The lousy ad market will be even worse than people think.

The longer story: Pali Research’s Rich Greenfield has chopped his estimates for News Corp. (owner of Dow Jones, which owns this site). He expects operating income for the company’s fiscal 2009 (which wraps up this summer) to be down 22 percent; he’d previously pegged the number at -18 percent.

Dragging down the business: The company’s international newspaper and domestic TV operations; he thinks their operating income will drop a staggering 39.6 percent and 60.4 percent, respectively.

And Barclays Capital’s Anthony DiClemente takes a similar whack at Viacom: He had previously forecast that Viacom’s operating income would drop by 1.9 percent in 2009; now he figures the decline will be eight percent.

DiClemente predicts that advertising at Viacom’s cable networks, which power the majority of the company’s financials, will drop seven percent in the coming year. That’s worse than the three percent drop he thinks that cable TV in general will see, in large part because MTV’s target audience has been disappearing as of late.

Check out the following chart from Barclays, which tracks ratings for the core demographics at Viacom’s biggest cable channels (click to enlarge):

Notice that MTV’s 23.9 percent decline has happened amidst tons of press for its reality shows, notably “The Hills,” which is supposedly a sensation among the kids these days (that’s some of the cast, at the top of this post). (UPDATE: An earlier version of this post reproduced inaccurate data that Barclays sent out regarding Viacom’s Noggin channel; Viacom points out that the channel registered a 64 percent increase in its core demo from the fall of 2007 through the fall of 2008).

Meanwhile, did you know that MTV has followed up “A Shot At Love With Tila Tequila,” a reality show/dating game hosted by a bikini-wearing bisexual pin-up girl, with “A Double Shot At Love,” which is…well, you can probably guess.

If you need it spelled out, here’s a promo clip:

At its EconCeleb conference in Hollywood today, ContentNext released its list of the most influential and innovative online celebrities today.

It is an interesting and varied list that includes everyone from powerhouse Oprah (pictured here, of course!) to the bisexual sprite, Tila Tequila.

The list, in ascending order:

10. Martha Stewart (she is actually a closet geek)

9. Tila Tequila (vile, but in a good way)

8. Peter Gabriel (a longtime Web pioneer in the digital music space)

7. Radiohead (innovative band pushing Web distribution boundaries)

6. Stephen Colbert (funny online and off)

5. 50 Cent (the urban rap artist as nerd)

4. Oprah Winfrey (um, she’s runs the real world and could run the Internet if she felt like it)

3. Ashton Kutcher (not just a pretty face, but one who gets the power of viral marketing)

2. Will.i.am (for that Barack Obama mashup video alone)

1. Will Ferrell, Chris Henchy & Adam McKay (FunnyOrDie.com might not make money, but it is very funny)