Seth Meyers will be taking over for Jimmy Fallon on "Late Night" next year after Jimmy takes over "The Tonight Show." Seth will stay with SNL till the Fall. Then he will leave in January to prepare for "Late Night." SNL executive producer Lorne Michaels will also produce "Late Night with Seth Myers." Myers is currently on his 12th season of SNL, where he started on the the "Weekend Update," just like Fallon. We think it's a great choice, Seth Myers is HILARIOUS.