Regis Philbin, who desperately needs a chemical peel I think, has been chosen to host this year's Oscar's red-carpet coverage for ABC. Show producer Dennis Doty said:
He knows everyone, and everyone loves Regis.
Regis knew fricking Cleopatra. I don't know if she loved him or not though. Especially after he told her she had a big asp.
The Oscars are scheduled to air February 24th.
(source)