NBC made the news "official" when they announced the cancellation of "The Jay Leno Show" on Sunday, which will take place Feb. 12th.
NBC wants Jay back at 11:30 P.M., and Conan either at 12:00 or 12:30 followed by Jimmy Fallon. In my opinion, Conan took his late night slot too easy in the sense of he never thought there was going to be a threat of it being taken away.
For those that followed an article I wrote back in August, where I called Conan the George W. Bush of talk show hosts, I saw this coming. NBC says what they will do with Conan will be made clear in the future. The reason they say that, is they expect either Conan to walk away and go elsewhere or get a huge pay day, or, the most surprising, for him to stay where he is.
Let's be honest here; a 30 minute Leno show won't work. They say 30 minutes but they want Leno for the full hour. They knew the announcement would upset Conan and it did. It's interesting because they said they spoke with Conan and Fallon on Sunday and they were both "cool" with the decision.
More will be made clear with Conan soon but I have a feeling it will take some time. Negotiations with NBC between Jay, Conan, and Jimmy are expected to start today.-Dr.FB