It did not go well. From LAist:

Channel 56, based in the OC but hailing themselves as an L.A. station, put together a NYE show hosted by funnyman Jamie Kennedy, who seemed to struggle, along with most of the folks involved in the production, with the notion of live TV. Hence this compilation of fails via YouTube that includes the many f-bombs dropped live on air, the camera flubs, some "underboob" views, Macy Gray unable to tell time while on stage, and the final fail: a brawl.