In news conservative bloggers are sure to love, "Saturday Night Live" won the prestigious Peabody Award for its 2008 satire of the presidential election.

The awards, announced Wednesday, are handed out annually by the University of Georgia for excellence in radio or television broadcasting.

The show surged in the ratings in the past year for its takes on then-Sens. Hillary Rodham Clinton (D-N.Y.) and Barack ObamaBarack Hussein ObamaHave our enemies found a way to defeat the United States? Millennial momentum means trouble for the GOP Biden's Cuba problem: Obama made a bet and lost MORE (D-Ill.), as well as the impersonations of Sen. John McCainJohn Sidney McCainMeghan McCain to produce 'Don't Sweat the Small Stuff' Lifetime movie starring Heather Locklear An August ultimatum: No recess until redistricting reform is done Meghan McCain on Pelosi, McCarthy fight: 'I think they're all bad' MORE (R-Ariz.) and Alaska Gov. Sarah Palin (R).

Palin was memorably impersonated by actress Tina Fey, leading to an actual appearance by Palin on the show during the fall election cycle. Both Obama and Clinton also made surprise appearances on the show during the Democratic primaries.

"The late-night legend stole the election-year thunder from its satirical competition on cable and may have swayed the race itself," the awards committee said in a statement announcing the award for SNL.