Barbara Walters Hospitalized from Fall, Will Miss Inauguration Coverage

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Barbara Walters is in the hospital at the moment, recovering from a nasty gash she suffered after falling Saturday at the British Ambassador's residence.

Multiple sources confirm the journalist opened her forehead as a result of the incident - but appears to be in typically good, upbeat shape otherwise.

Barbara Walters Red Carpet Pic

"Out of an abundance of caution, she went to the hospital to have her cut tended to, have a full examination and remains there for observation," ABC News senior vice president Jeffrey W. Schneider told Politico. "Barbara is alert (and telling everyone what to do), which we all take as a very positive sign."

While a full recovery is expect, however, Walters will be unable to cover today's Presidential Inauguration, as Barack Obama is sworn in for a second term on the Capitol steps.

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