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Jay Leno passing the "late-night" torch to Jimmy Fallon

NEW YORK (NEWS1130) -It’s official! Jimmy Fallon will replace Jay Leno as host of the “Tonight Show.”

Leno announced the move in a news release. “Congratulations Jimmy,” Leno said. “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 the show will be moving to New York City when Fallon takes over and that “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.

Leno has been host of the “Tonight Show” for 22 years.

Jimmy Fallon started his career as a late-night TV talk show host when “Late Night with Jimmy Fallon” first aired in March 2009. Prior to that he starred on “Saturday Night Live.”

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