THANK GOD. Actually, thank Jimmy Kimmel (a man who detests Jay Leno) for threatening 'The Tonight Show's" late night dominance ever since his show moved to the 11:35 p.m. time slot. 

According to the Hollywood Reporter:

The network says categorically no, but two high-level industry sources tell The Hollywood Reporter that NBC is moving toward a May announcement that the 2013-14 television season will be the last for Leno as host of the long-running late-night show. Sources expect the network to move Jimmy Fallon from his Late Night spot into the coveted 11:35 time slot with a soft launch during the summer of 2014 before a formal fall kickoff.

A Leno rep says, "We do not speculate on rumor." Whether the network finally executes the Tonight transition plan remains to be seen. Anyone with even a passing sense of Leno’s personality knows that the hardworking comic would be reluctant to leave his perch, especially before his rival at CBS, David Letterman, announces his retirement. Leno and Letterman are both signed through 2014.

Sources believe the network will bring in Fallon partly out of concern about the competition on ABC, which moved younger-skewing Jimmy Kimmel to the 11:35 time slot in January. “The more time Jimmy Kimmel is in that slot, the more the young audience goes that way, the harder it is for Jimmy [Fallon] to keep that audience,” says a source familiar with the network’s thinking.

Look on the bright side, Jay, at least now you can finally spend all your time in head-to-toe denim.

[Jay Leno and Jimmy Fallon images via ShutterStock]