NBC announced that comedian Jimmy Fallon will replace Conan O’Brien as host of the Late Show next year.

“It’s going to be a grind, it’s going to be hard, but I’m going to go at it full force,” Fallon told reporters on a conference call. “The fact that I’m stepping into David Letterman and Conan O’Brien’s shoes is very exciting.”

When asked how much his new job would pay, Fallon joked, “I keep asking Lorne and he’s telling me not to worry about. They’re paying me enough. I just want to live comfortably in Dubai.”

Fallon, 33, was a regular on Saturday Night Live for six seasons and was co-host of its “Weekend Update” segment.

The premiere date for Late Night with Jimmy Fallon has not been announced yet.

WILL YOU TUNE into Jimmy Fallon’s late-night talk show?

Rumors had been flying since last July that Jimmy Fallon was a front runner to take over Conan O’Brien’s ‘Late Night,’ and now according to reports, the deal is sealed.

NBC will reportedly make the formal announcement about Jimmy around May 11 or 12, when the network presents the fall 2008 schedule to advertisers here in New York, sources tell Fox News.

Last December, Jimmy, 33, married movie producer Nancy Juvonen in the Caribbean.

Conan O’Brien will be taking over for Jay Leno, who will leave the “Tonight” show in May 2009 as part of a forced retirement.

WILL YOU WATCH Late Night with Jimmy Fallon?

Jimmy Fallon married movie producer Nancy Juvonen last Saturday on Necker Island in the Caribbean, publicist Ina Treciokas recently announced.

“Family and close friends were in attendance,” she said.

The 33-year-old former Saturday Night Live funnyman proposed at sunset last August on the dock of Juvonen’s family home in Wolfeboro, N.H.

Juvonen, 40, co-owns production company Flower Films with Drew Barrymore.

Jimmy Fallon is engaged to longtime girlfriend Nancy Juvonen!

The 33-year-old former Saturday Night Live funnyman proposed last weekend at her family home in Wolfeboro, N.H., according to Page Six.

Juvonen, 39, co-owns production company Flower Films with Drew Barrymore.

Conan O’Brien will be replaced by Jimmy Fallon, if NBC has their way.

“We know him from SNL and saw what he can do on-camera and off-camera, and I think he’d be terrific,” says NBC late-night chief Rick Ludwin. I think he’s be terrific, and he’s at the top of our short list.”

Conan has less than two years left in his contact, making way for Fallon in 2009.

WHAT DO YOU THINK of “Late Night with Jimmy Fallon”?

Super-hot celeb Vanessa Minnillo and Nick Lachey attend the 133rd Kentucky Derby Barnstable-Brown Party on Friday in Louisville, Kentucky.

Other celebrities enjoying the pre-Kentucky Derby festivities: Jenny McCarthy (with sister Joanne McCarthy), Larry Birkhead (with sister Judy Birkhead), Kid Rock (with Danish model girlfriend May Andersen), Jimmy Fallon (with Nancy Juvonen, who co-owns the production company Flower Films with Drew Barrymore), The Office’s Kate Flannery, Cybill Shepherd and 2006 Miss USA Tara Conner.

Actors Adrian Grenier, Jesse Bradford, Diego Luna, Jimmy Fallon, Julia Stiles, and supermodel Petra Nemcova attend the opening night premiere of SOS at the 2007 Tribeca Film Festival on Wednesday in New York City.

SOS is the campaign behind the Live Earth global concert series on July 7, 2007. The mission of the SOS Short Films Program is to create a series of educational and compelling short films that highlight the problems of, and engage people with solutions for, the global climate crisis.

50+ pictures inside of aforementioned celebs… More Here! »

Sienna Miller went from flapper to fuzzy during last night’s premiere of her new ilm Factory Girl, which tells thee story of the year Edie Sedgwick met artist Andy Warhol (Guy Pearce, pictured below) and became his muse.
The red carpet event was held at NYC’s Ziegfeld Theater last night with the after-party festivities held at the Chelsea Hotel. Factory Girl opens in NY/LA this Friday, Feb. 2.

Pictured below: Co-stars Jimmy Fallon, Mena Suvari, and Jack Huston and executive Harvey Weinstein.