“Like so many people, I am dealing with addiction," the 51-year-old said in a media statement.
I realized I was becoming increasingly dependent on alcohol. And feel fortunate to have recognized it for the problem it was becoming. I am in treatment and am so thankful for the love and support of my family, friends and colleagues at ABC News. Like so many others, I will deal with this challenge one day at a time. If coming forward today gives one other person the courage to seek help, I’m grateful.
The New York Daily News was the first to report the story, saying that Vargas is seeking treatment in a "well-respected rehab center."
"We look forward to having her back home at ABC News where she has done so much distinguished work over the years," said ABC News rep Jeffrey Schneider. "Elizabeth is a member of our family and we will support her in every way we can."
Celebrity Families of 2014 [PHOTOS]