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03/27/2013 10:26 am ET

Lorne Michaels Peabody Award: SNL Executive Producer's Career Honored

The Peabody Awards were announced Wednesday morning, and among the winners was a rare "Individual" honor for "Saturday Night Live's" Lorne Michaels. While most Peabody's recognize distinguished achievement for a particular year, the personal award for Michaels honors his entire body of work.

The awards were announced via Twitter at 10:00 am ET, followed by a press release which lauded Michaels for his 37 years as executive producer of "Saturday Night Live", and for "still discovering new comic talents, incubating ideas and nurturing careers."

In addition to creating "SNL" in 1975 (then called "NBC's Saturday Night"), Michaels launched Broadway Video in 1979 which went on to produce shows such as "The Kids In The Hall". Michaels also serves as executive producer of "Late Night With Jimmy Fallon".

The awards will be presented at a luncheon at NYC's Waldorf-Astoria on May 20.

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