Poor mudflub, everyone ignored your question.
F.U.D. T.V. is the television station of the F.U.D. Network, a media organisation that contributes to The Daily Deception. I haven't seen the AE film short, where it first appeared, but it's my guess that it's a network aimed at the Mudokons in the Magog Cartel and industrialised Oddworld, because the host of the news program is a Mud. Not much to go on, but Pilot tells us that F.U.D. stands for Fear, Uncertainty and Doubt.