With Jimmy Fallon leaving 'Late Night' to take over the 'Tonight Show' from Jay Leno, someone had to take over Fallon's soon-to-be vacant timeslot -- and that person has finally been confirmed as Seth Meyers.

Meyers was the clear front-runner from the beginning. As a head writer for 'Saturday Night Live' (whose work on 'Weekend Update' is sometimes the only funny part of 'SNL' lately) and a buddy of 'Late Night' executive producer and 'SNL' showrunner Lorne Michaels, it was a pretty perfect fit.

"We think Seth is one of the brightest, most insightful comedy writers and performers of his generation," NBC entertainment chairman Bob Greenblatt said. "His years at 'SNL' ... helped him hone a topical brand of comedy that is perfect for the 'Late Night' franchise."

Added Meyers jokingly, "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."

No word on when 'Late Night With Seth Meyers' will air, but just before or after the 2014 Winter Olympics is Entertainment Weekly's guess. In the meantime, Meyers will remain on-board with 'SNL' until the fall, when he'll leave to start prepping for his 'Late Night' stint.

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