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Unlike most of the stuffed shirts on network news, Elizabeth Vargas is a versatile talent who's not afraid to take on new challenges. According to Phyllis McGrady, a Senior Vice President at ABC, "Elizabeth is one of the most flexible talents I've ever worked with. She could do interviews, and do hour-long specials that make you think, and then she'll do a great interview with P. Diddy." Elizabeth Vargas is the Emmy Award-winning co-anchor of ABC's World News Tonight and 20/20. Before joining the network, she was a substitute co-host for The Today Show.
AP - Elizabeth Vargas told Oprah Winfrey that she wasn't forced out as co-anchor of ABC's "World News Tonight," but decided to step down when she became pregnant with her second child.

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