The Academy released this statement from Murphy today:
"First and foremost I want to say that I completely understand and support each party's decision with regard to a change of producers for this year's Academy Awards ceremony. I was truly looking forward to being a part of the show that our production team and writers were just starting to develop, but I'm sure that the new production team and host will do an equally great job."
Meanwhile, the announcement of Murphy's exit as telecast host had the web in a flurry. We looked to our community to ask who would you want to host this year's Oscars?