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Jay Leno to retire

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DAVID BAUDER, Associated Press

NEW YORK (AP) - Jay Leno says he will be leaving NBC's "Tonight Show" next spring, to be replaced by Jimmy Fallon.

Leno announced the move Wednesday in a news release.

NBC also confirms that the show will be moving to New York City when Fallon takes over. "Saturday Night Live" producer Lorne Michaels will take over as producer of the new "Tonight Show." 

The move has been widely reported but not confirmed by the network until now. NBC reportedly just wrapped up negotiations with Fallon on a contract extension.

NBC did not say who will replace Fallon in his current time slot, which is one hour later than the "Tonight Show."

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)