Jay Leno Retiring From The Tonight Show?

NBC plans to announce that Jay Leno is retiring from The Tonight Show, insider sources have confirmed to two leading entertainment news outlets.

Both The Hollywood Reporter and E! are reporting that sources confirmed to them that the struggling network are planning to announce Leno's retirement.

The Network itself denied the plans to The Hollywood Reporter , but they report that "two high-level industry sources" told them that the network is "moving toward" an announcement in May that Leno will step down after the 2013-14 season.

E! reports that sources have confirmed to them that NBC plan to make the announcement "sometime in the next year."

The reports also include speculation that the network may offer Jimmy Fallon the spot as an answer to ABC's recent move of Jimmy Kimmel Live! to the 11:35 p.m. nightly spot. But both reports spell out that the Fallon move is pure speculation at this point.

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