NBC ends late night wars: Conan is out, Leno is back
By Jill Serjeant
LOS ANGELES (Reuters) - Conan O'Brien will end his short-lived stint as host of "The Tonight Show" Friday after signing a $45 million exit deal with NBC that ends two weeks of embarrassing on-air bickering and allows Jay Leno to return to the flagship late-night comedy program.
After more than a week of negotiations, General Electric Co's NBC said it had agreed to release O'Brien from his contract after seven months, and that he would be free to take a new job elsewhere after September 1.
The struggling network, already bottom of the four big U.S. TV networks and now the butt of jokes by its own and rival comics, said Leno will resume "The Tonight Show" on March 1.
Leno hosted the program for 17 years, making it the top-rated late-night talk show on U.S. television. He handed over to O'Brien in June 2009, only to see audiences slump.
"We're pleased that Jay is returning to host the franchise that he helmed brilliantly and successfully for many years," said NBC TV entertainment chairman Jeff Gaspin.
Media analysts expected it would take time for Leno, who has been painted as the villain in the drama, to recover the "Tonight Show" audience.
"It is going to be a long path to recovery for NBC. It is not going to happen overnight," said Marc Berman, a senior TV writer with Mediaweek.
NBC did not release details of the deal with O'Brien. But two people with knowledge of the settlement said that of the total amount, $32.5 million will go to O'Brien and about $12 million to his staff. Continued...