When not hosting his show and getting into fisticuffs with Conan O'Brien to fill airtime, Stewart will be busying himself hosting the 2008 Academy Awards on the 24th of this month.

However, Stewart recently backed out of hosting a recent event honoring Viacom board member and majority owner Sumner Redstone. Read the blurb from the HuffingtonPost here.

The decision is particularily interesting because Stewart's The Daily Show (renamed "A" Daily Show in lieu of the now three-month-old WGA strike) is owned by Viacom.

Still no word on whether Stewart will has plans on dropping the Oscar's gig but its seems unlikely.

Way to keep your integrity there John and show some solidarity with the writers finally...don't hurt yourself now.