He'll wrap up his 22-year run as host in spring 2014, with Jimmy Fallon officially signing on as his replacement.
"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."
According to a statement from NBC, "As part of the transition, 'The Tonight Show' will be returning to its original home in 30 Rock in New York" from Leno's base of Los Angeles.
The expectation that he would leave NBC's legendary late-night program has been building recently. NBC execs told The Hollywood Reporter and The New York Times in early March that Leno was going to be out and someone else, most likely "Late Night" host Fallon, was going to be in.
They consider this 'BREAKING NEWS' on CNN??? Seriously???