Ending the rampant rumors around Hollywood, NBC will indeed name Jimmy Fallon as Conan O'Brien's Late Night replacement within the next few weeks, if not sooner, Variety is reporting.
It's not any big surprise, as Fallon has been the only serious candidate for the job since February 2007, when Broadcasting & Cable and the New York Times reported that the former Saturday Night Live cast member turned ho-hum movie star had quietly signed a holding deal envisioning with the network.
O'Brien is expected to take off six months or so in between his last Late Night taping and first night as host of the Tonight Show, where he will replace a disgruntled Jay Leno. Leno has been said to be upset he’s been shown the door when the show is still doing so well with him at the helm. But have no fear, fans of the Chin Man, ABC and Fox have made it clear that he is welcome to on their networks if he wants, while Sony has reportedly offered to give Leno his own syndicated show. So he will surely (and sadly) return….
Variety.com: Jimmy Fallon headed for 'Late Night'