UPDATE: Turner Entertainment Networks President Steve Koonin says “[Conan] can do whatever he wants to do” on TBS.

Conan O’Brien’s going to have a lot to talk about when he kicks off his road tour tonight.

Despite many assumptions that the former Tonight Show host would eventually form a new home at FOX, the comedian has decided to take show to cable. Come this November, O’Brien will become the new face of TBS.

The new late night program will air at 11:00, a decision that George Lopez - who will see his show Lopez Tonight moved to midnight - is perfectly fine with. In fact, Lopez personally called O’Brien to assure him of that. “I can’t think of anything better than doing my show with Conan as my lead-in,” Lopez assured fans. “It’s the beginning of a new era in late-night comedy.”

The deal - which actually started coming together just over a week ago - will have its benefits. Conan will not only own his own program, he will be entertaining a core audience that is much younger than both David Letterman and Jay Leno’s. (According to a press release from the network, Lopez Tonight‘s audience has a median age of 34.) Of course, O’Brien’s new time slot will also put him up against cable faves Jon Stewart and Stephen Colbert.

“In three months I’ve gone from network television to Twitter to performing live in theaters, and now I’m headed to basic cable.  My plan is working perfectly,” O’Brien said in the TBS statement.

No exact date has yet been announced for the big debut. Until then, look for promos using Lopez’s suggestion for a team name: “Team LO- CO.”