"There won't be a lot of chit-chat; whichever one of us has the lead story will start off the broadcast, read the first few stories and toss to the other," Vargas told Daily Variety.
The anchors will function more like reporters with one handling half the broadcast from the studio and the other somewhere out in the field, Variety said.
When the program debuts Tuesday night, Woodruff will be reporting from Tehran on the Iran's nuclear program, while Vargas will be at the New York anchor desk.
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