Jay Leno may be ready to hang 'em up.
Though NBC is denying the story, two high-level industry sources told the Hollywood Reporter that NBC will likely announce in May that Leno will retire after the 2013-14 television season. Sources also expect the network to move Jimmy Fallon from his "Late Night" spot into the coveted 11:35 p.m. time slot with a soft launch during the summer of 2014 before a formal fall kickoff.
Somewhere, Conan O'Brien grinds his teeth and plots revenge.
Sources said NBC is looking to infuse some youth into the "Tonight Show," and Fallon has buzz, edge and young viewers to compete with ABC, who recently moved Jimmy Kimmel to its 11:35 p.m. time slot by bumping "Nightline" back.