"This is exactly the right moment to bring back this iconic show. We'll update this series for today's social-media-charged world for a bester 'Best Week Ever.'"

-- Jeff Olde, VH1's executive vice president of original programming and production, talking at the Television Critics Association Summer Press Tour on Friday. The show, which has been on a three-year hiatus, took a comedic recap of the week's events in news and pop culture. The show will be back on the air in January 2013.