Jimmy Fallon

It's official. Jimmy Fallon will be taking over NBC's "Late Night" after Conan O'Brien leaves

Fallon


NBC's transition: O'Brien moving out West to take over for Jay Leno on the "Tonight" show and Fallon following in the next time slot.


While Leno went along with the plan, there are reports that the workaholic comic is not eager to leave. NBC Universal is trying to find a job that would satisfy him and avoid having Leno move to ABC or Fox to compete directly against O'Brien.

NBC could decide to back out of the plan and keep Leno on "Tonight," but O'Brien's contract calls for a penalty fee reportedly close to $40 million.

It all amounts to a roll of the dice in late-night, where NBC has stayed on top despite the network's prime-time problems.

NBC's announcement opens network television's "upfront" week, when fall schedules are set and presented to advertisers. NBC took the unusual step of announcing its schedule a month ago, and it has invited advertisers for a Monday sales presentation emphasizing all of NBC Universal's properties.