"There is no better place to be in the world on New Year's Eve than in Times Square," Daly said in a statement. "I look forward to this night all year -- to ring in the New Year with millions of people across the country -- it's a blast."
The 2-hour special is to air live Dec. 31, beginning in prime-time from 10-11 p.m. ET, and continuing at 11:30 p.m.-12:30 a.m. ET with the countdown to 2012 and the first performances of the New Year.