The increasingly ubiquitous awards-show stand-in will host the Peabody Awards in June:

JON STEWART TO HOST 65th ANNUAL PEABODY AWARDS

Winners to Be Announced April 5 from The University of Georgia

Athens, GA—Jon Stewart, host of Comedy Central's award-winning, The Daily Show with Jon Stewart, will host the 65th Annual George Foster Peabody Awards ceremony on Monday, June 5, 2006 at the Waldorf=Astoria in New York City.

Now, would this be considered a step-up or step-down from the Oscars?