Report: Jimmy Fallon, Lorne Michaels Gunning for Next Oscar Telecast

This is without a doubt the best (potential) news we’ve heard all week.

According to a triple-sourced report in the LA Times by Nicole Sperling, the Academy is in talks to hand over the limp TV telecast reins to the dynamic tandem of Jimmy Fallon and producer Lorne Michaels. Although ABC reportedly has issues with the idea of a rival talk show star riding their Oscar coattails, the network contractually does not have that kind of veto power. From Sperling’s report:

A spokeswoman for the Academy denied that talks with Fallon and Michaels were taking place. Representatives for Fallon could not immediately be reached for comment…

Disney declined to comment. The people briefed on the talks cautioned that they could still fall apart.

Sperling posted an update referencing a conversation with outgoing AMPAS president Tom Sherak, but he simply confirmed that he had stopped all of his in-progress talks as part of his exit.

Update – 08/02/12: Nikki Finke reports that it was Sherak’s idea to try and set in place Fallon and Michaels before his exit Tuesday. And that these efforts officially came to an end with his departure.

Update – 08/08/12: During an interview from London with Matt Lauer, Fallon confirmed that he had been offered the 2012 Academy Awards hosting gig and decided to turn it down.

[Photo: s_bukley/]