Jimmy Fallon Not Hosting Oscars: 'It's An Honor To Be Asked'

Rumors had swirled that late night host Jimmy Fallon could host the 2012 Oscars telecast, with none other than SNL/Late Night producer Lorne Michaels potentially coming aboard to produce the annual extravaganza. Speaking with Matt Lauer Wednesday on the Today show, Fallon seemed to corroborate the speculation but revealed that he will not be hosting.
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