From what I've heard the obligatory web photos and video aren't far behind.

From Fox News:

RIYADH, Saudi Arabia — Terrorists in Saudi Arabia reportedly have carried out their threat and beheaded American hostage Paul M. Johnson Jr., the Arab satellite network Al-Arabiya reported Friday.

No independent confirmation was available.

Thousands of Saudi police had searched Friday for Johnson, three days after the terrorists who captured him gave the government 72 hours to free Al Qaeda prisoners in exchange for his freedom.

Johnson's wife appealed for his safe return on Arab television Friday.

"Please! I want him to come back to see me. He didn't do anything wrong," Thanom Johnson, said in interview on Saudi-owned satellite TV channel Al-Arabiya. "I've never seen him having any problems with the people here. Never."

In Johnson's hometown of Eagleswood Township, N.J., relatives held a vigil Thursday night.

Johnson's kidnappers released a videotape of him on Tuesday night saying they would kill him unless the Saudi government released all militants in its prisons within 72 hours. The Saudis have rejected the demand.

Police went through several Riyadh neighborhoods from Thursday night through Friday morning, but authorities gave no indication they were any closer to Johnson, a Lockheed Martin (search) employee who was kidnapped Saturday by a group calling itself Al Qaeda in the Arabian Peninsula. The organization is believed to be headed by Abdulaziz Issa Abdul-Mohsin al-Moqrin the top Al Qaeda figure in Saudi Arabia.