McGrath Out! Lopez In!

Mario Lopez, 34, who's served as a correspondent for the syndicated entertainment newsmagazine and co-hosted its weekend edition since January 2007, will take over from co-hosts Mark McGrath and Dayna Devon, the producers of "Extra" announced Monday.

Senior executive producer Lisa Gregorisch-Dempsey says, "[Mario Lopez] has established himself as a highly engaging, likeable and sought-after host and personality."

Mark McGrath is OUT of Extra. And Mario Lopez is really blowing up these days. The rocker turned celeb news show host is going back to focusing on his band, Sugar Ray, who is set to release a new album.

When the show returns for its 15th season next month, co-host Dayna Devon, who's been with the show since 1999, is also getting a a demotion- she will remain on as "a special correspondent." She'll basically be Lopez's back-up. Sucks for her!