The Kennedy Center has slightly delayed naming its list of annual lifetime achievement honorees until closer to the event in December, and the award itself, known for its rainbow-hued ribbon, may be redesigned in favor of a simpler version, sources familiar with the decisions told CBS News.

The announcement of the Kennedy Center Honors recipients, usually made annually in August, will happen in the next several weeks, one of the sources said.

Although some of the arts center's staff and those who closely follow the event have worried the televised gala would be completely revamped and renamed in favor of a patriotic-sounding moniker, the Kennedy Center Honors name will remain untouched, sources said.

The rainbow theme won't disappear entirely, but the ribbon for the lifetime achievement

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