Must credit Vanity Fair! How the bust went down ... the glass-tinted light of the lobby when I happened upon comedian Jim Norton being hustled out by a pair of security guards.

Former AOL executive Jim Norton has been booted from Condé Nast ... sales teams on each magazine brand including The New Yorker, Vanity Fair, Vogue and Glamour, among others.

Norton, along with Roberts, hopes to have a new contract wrapped up by the end of the week after signing another round of extensions to stay on the air while the details get worked out.

Comedian Jim Norton is considered arguably the quickest comic on his feet and the stand up who delivers the funniest impromptu line by his peers and comedy fans. He’s also been heralded as the ...