The HoF induction ceremony will be televised by VH1 in it's usual edited form as it has in the past in the days and weeks after the event.
VH1 did indeed let their contract expire with the Hall after last year's broadcast adn a couple months ago, it appeared PBS was going to pick up the option and broadcast the *entire unedited show* but at the last minute, VH1 stepped up and made a better offer to renew their contract.
So it will be show, it just won't be the full program.
BTW, I know the source from where this rumor originated from over the weekend. Here's the full e-mail on the board he's on (the Bono content is pretty minor):
"The presenters are almost all committed. Springsteen is inducting Patti Smith, Bono is inducting REM, Kid Rock is inducting Van Halen, LL Cool J or Puffy is inducting Flash & The Furious Five (he wasn't sure), and Beyonce is inducting the Ronettes. There's a laundry list of people who want to induct Ahmet Ertegun, and they're working on trying to get some sort of "supergroup" jam with Phil Collins and Robert Plant to play in his honor.
Performance wise, REM is going to play with Bill Berry on drums for at least one number. This may get hyped up since I don't think Berry has played with them live for a few years. Smith is going to perform (with Bruce for at least one tune), and Flash & The Furious Five are playing together.
The problems are the Ronettes and (surprise) Van Halen.
Nedra Talley hasn't sung live in years, so we could see a CCR bit where after the speeches Ronnie just sings with a backing group instead. I don't think it is a bad blood situation, just a case where Talley can't cut it and it would be pretty bad to have her struggling on stage.
Van Halen could be screwing themselves out of being the "featured act" on the TV special, and REM could end up getting the slot because Van Halen is dragging their feet on things.
Azoff proposed a two song set with Sammy doing Dreams and Roth doing Jump and the Van Halen brothers haven't responded. Robbie thinks they are insisting that Wolfgang play with them, and Hagar won't do any songs if Mike Anthony isn't on bass. Who knows what will happen.
Oh, and I mentioned the Kiss thing to him, and he laughed and said if Paul promises not to let Gene near the microphone, maybe they'll get in someday!"
T.B.
Maybe Bravo 
My point exactly 
'Twas a great night.
