'Tonight Show' host Jay Leno on way out; Jimmy Fallon to take over late-night reins

UNIVERSAL CITY, Calif. - Jimmy Fallon will take over "The Tonight Show" in spring of 2014, NBC announced Wednesday.

Fallon will take over for Jay Leno, who hosted the show for 22 years in two different runs.

"Jay Leno is an entertainment icon, making millions of people laugh every weeknight for more than 20 years," said Steve Burke, Chief Executive Officer of NBCUniversal. "We are purposefully making this change when Jay is #1, just as Jay replaced Johnny Carson when he was #1."

Fallon has hosted "Late Night with Jimmy Fallon" on NBC since 2009.

"Congratulations Jimmy," Leno said in NBC's statement announcing next year's changes. "I hope you're as lucky as me and hold on to the job until you're the old guy. If you need me, I'll be at the garage."

NBC also confirms that the show will be moving to New York City when Fallon takes over. "Saturday Night Live" producer Lorne Michaels will take over as producer of the new "Tonight Show."

The move has been widely reported but not confirmed by the network until now. NBC reportedly just wrapped up negotiations with Fallon on a contract extension.

NBC did not say who will replace Fallon in his current time slot, which is one hour later than the "Tonight Show."

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