Conan O’Brien, who is reportedly moving to The Tonight Show, has got to pass the late night baton on to someone. Why not Jimmy Fallon, SNL alum? Show execs say that Fallon is at the top of the short list of candidates to replace O’Brien, though the official announcement won’t be made until 2008. Tina Fay, Fallon’s former Weekend Update co-host, says she thinks Fallon will be great for the gig. There is a possibility that NBC will hold onto Leno, however, as he’s still pulling in a big chunk of ratings for the struggling network. If they do keep Leno, the network will have to pay O’Brien $45 million – a hefty sum indeed for the network that’s currently in fourth place in the network ratings game. Allegedly, NBC also talked to Jon Stewart to entice him away from Comedy Central, but Stewart did not seem very keen on the idea of leaving his cushy cable job. Earlier this year, Stewart was nominated for an Emmy for his funny, edgy political satire show.