1) Harvey Fierstein and Rosie O'Donnell
2) Nathan Lane and Matthew Broderick
3) Billy Crystal (unless he hosts the Oscars)
Those are the most realistic choices.
Honestly - do you think the ratings could drop any lower to the point where a host with a big name matters? They could have ANYONE do it and the ratings would still stay virtually the same or slightly go down.
So why not have Broadway people do it? Rosie & Harvey is my #1 choice. Then Lane and Broderick. Uma Thurman and Will Ferrall could present an award together!
If they're going to bring in a BIG name, have it be someone worth it. You go to all the trouble of getting [Insert big movie star name here] to host and then the ratings don't even go up!
The choice for host is not what the League needs to worry about to get a bigger audience. Why not have a pull? Some sort of contest where during a segway into a break, there is a contest to win a trip to New York and see the "Best Musical" Broadway show. Or win a car. Isn't or wasn't Cadiallac a sponsor?
Have a special sneek peak of an upcoming major movie be a commercial during the Tonys.
And whatever the gimmick is, advertise it.
Remember the King Kong trailer? "WATCH (What was it? Season Premiere of Big Brother?) AND SEE THE WORLD PREMIERE OF THE NEW 'KING KONG' MOVIE!"
"The Spectacle has, indeed, an emotional attraction of its own, but, of all the parts, it is the least artistic, and connected least with the art of poetry. For the power of Tragedy, we may be sure, is felt even apart from representation and actors. Besides, the production of spectacular effects depends more on the art of the stage machinist than on that of the poet."
--Aristotle