Ending one of the ugliest chapters in NBC’s storied history, the Peacock officially announced today that it has reached an agreement with Conan O’Brien, who has agreed to abdicate his role as the host of The Tonight Show by Jan. 22 in exchange for a large cash payout that sources place at more than $40 million — some of which will go toward severance for his staff — and the promise not to seek employment elsewhere until after Sept. 1.
At the same time, Jay Leno, whose failed primetime show was canceled earlier this month, will return to The Tonight Show on March 1, when job one will no doubt be to restore the franchise’s dwindling ratings: O’Brien just ushered in the Tonight Show’s worst November-sweeps performance since 1993 (a staggering 52 percent loss among viewers versus the same month last year). Late Night with Jimmy Fallon will continue at 12:35 a.m.
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The late-night guessing game is over, with a startling twist: Conan O'Brien is choosing TBS as his future talk-show home.
Expected to debut in November, the as-yet-untitled show will return O'Brien to the air after an absence that began in January when he left NBC, his employer of 17 years.
O'Brien's new program will air Mondays through Thursdays at 11 p.m. Eastern, which will shift "Lopez Tonight," starring George Lopez, to midnight. O'Brien's show will originate from Los Angeles, where he moved from New York for his unsuccessful stint hosting "The Tonight Show." And the second half of his show will face off against Jay Leno, who now hosts "Tonight."
Upon TBS' announcement Monday, O'Brien quickly fired out a celebratory tweet.
"The good news: I will be doing a show on TBS starting in November! The bad news: I'll be playing Rudy on the all new Cosby Show," he posted on Twitter.
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