Hillary Busis
August 08, 2012 AT 08:58 PM EDT

Johnny Carson. Jon Stewart. Jimmy Fallon? Not so fast: The host of NBC’s Late Night with Jimmy Fallon has revealed that despite reports to the contrary, he will not be hosting 2013’s Academy Awards ceremony.

“No, I’m not going to do the Oscars,” he told Matt Lauer in London this afternoon. “It’s an honor to be asked by the Academy, but it’s not my year.”

Rumors about Fallon hosting the Oscars began swirling last week, when recently departed MPAA president Tom Sherak initiated talks with the late night host and Saturday Night Live executive producer Lorne Michaels. But Fallon’s admission shouldn’t come as much of a surprise; as the LA Times noted, ABC would be unlikely to welcome the former SNL star, since Late Night competes with the network’s own Jimmy Kimmel Live.

Watch Fallon shoot down the Oscar rumors below.

Read more:

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Fred Willard explains himself on ‘Late Night With Jimmy Fallon’: ‘I did nothing wrong’ — VIDEO

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