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Audience Plummets Again: Ellen DeGeneres To Host Oscars (But Good for Ellen!)

"More of an ego-fest for the Obama White House than an actual movie industry. If you really want to show originality get a conservative to host once in a while for diversity's sake," says Eugene Delgaudio, president of Public Advocate.

And the next host of the Academy Awards is & Ellen DeGeneres.

It will be DeGeneres' second tour of duty as Oscar host, having previously emceed the 79th annual Academy Awards in 2007 and earning an Emmy nomination. The popular syndicated talkshow host also fronted the Emmys in 2001 and 2005 (co-hosting them in 2003).

"I am so excited to be hosting the Oscars for the second time," DeGeneres said, joking that "you know what they say - the third time's the charm."