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Seth Meyers to replace Jimmy Fallon as host of 'Late Night,' starting in '14

Seth Meyers attends the 2011 American Museum of

Seth Meyers attends the 2011 American Museum of Natural History gala at the American Museum of Natural History in Manhattan. (Nov. 10, 2011) Credit: Getty Images

Seth Meyers — who was once rumored as the next host of "Live!" after Regis Philbin left — finally has his talk show, and it's no consolation prize: He was just named Jimmy Fallon's replacement on "Late Night" starting next year.

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

 "Lorne" of course needs no introduction, and with the Meyers' appointment, has essentially completed a  trifecta of NBC late night: He will be the overseer of "Tonight" when it comes back to New  York; remains Lord of "SNL;" and has picked his prized "SNL" head writer to take over his other late night franchise.

Of Meyers, Lorne Michaels said: “Since 1982, there have been three 'Late Night' hosts starting with David Letterman, and Seth couldn’t be in better company."

 Clearly Meyers joins a show that ain't only not broke but the exact opposite, if there could be such a thing: With Fallon as steward, along with producer Michael Shoemaker (who will remain with Meyers) the show has cruised along and in fact has minted the last two hosts of "Tonight." (One didn't quite work out; that's another story.)

 Meyers has also established that effortless sort of talk show style — honed in fact on "Live!" - and the transition here should be smooth too.

 Naturally, the big question: Who replaces him at "Weekend Update," or does anyone? Will Meyers continue to hold down both jobs? I'm told he'll continue at "SNL" through at least part of next season — remember, this transition doesn't take place until Fallon has moved over to "Tonight." And then it sounds like "Late Night" becomes his sole enterprise. Hence, Meyers' departure certainly presents a big challenge for "SNL" next year.

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