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Seth Meyers replacing Jimmy Fallon on Late Night

“Saturday Night Live” alum Seth Meyers will take over for Jimmy Fallon on NBC’s “Late Night” when the latter moves to The Tonight Show, the network announced today.

Lorne Michaels will executive produce both shows.

“We think Seth is one of the brightest, most insightful comedy writers and performers of his generation. His years at SNL’s Weekend Update desk, not to mention being head writer of the show for many seasons, helped him hone a topical brand of comedy that is perfect for the Late Night franchise,” said entertainment chairman Bob Greenblatt.

“On behalf of Steve Burke, Ted Harbert and Paul Telegdy, we couldn’t be happier that Seth and Jimmy Fallon will be continuing their careers at NBC after growing up in this network’s late-night legacy.”

Meyers, 39, said “I only have to work for Lorne for five more years before I pay him back for the time I totaled his car. 12:30 on NBC has long been incredible real estate. I hope I can do it justice.”

Fallon takes over from Leno on The Tonight Show after the Winter Olympics in Feb 2014.

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