The reviews are rolling in for James Franco's hosting performance at last night's Oscars, and they aren't good: "Distracted and blasé," writes The New York Times, while The Hollywood Reporter comes right out and says he straight-up "bombed." My spies behind the scenes tell me producers knew before the show was even over that trying to go after a young, tech-happy demo by hiring James and Anne Hathaway was a huge mistake.

"This was a disaster," one TV executive tells me. "Before the show began something was wrong with James. His live interview on ABC backstage should have been a warning sign. He was awkward and looked as if he knew what a terrible evening was ahead for all of us."