Elizabeth Vargas and Bob Woodruff are the new anchors of "World News Tonight".

ABC News on Monday named Elizabeth Vargas and Bob Woodruff as co-anchors to replace the late Peter Jennings on the network's "World News Tonight," marking a generational change that allows the network to compete more effectively against top-rated NBC news.

ABC, No. 2 in the ratings but with a million fewer viewers than NBC in recent weeks, said the new anchor team will start work on January 3 in a revised co-anchor format that will frequently see Woodruff, 44, or Vargas, 43, travel to cover stories while the other hosts the show. . . . . .Full Story