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O’Brien Will Leave ‘Tonight Show,’ NBC Says

sazerac

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http://www.nytimes.com/aponline/2010/01/21/business/AP-US-TV-Conan-Leno.html?_r=1&emc=na

NEW YORK (AP) -- NBC says it has reached a deal with ''Tonight'' host Conan O'Brien for his exit from the show, allowing Jay Leno to return to the late-night program he hosted for 17 years. The deal is worth a reported $44 million.

Network spokeswoman Allison Gollust confirmed the deal early Thursday but did not offer any other details. Earlier, The Wall Street Journal reported that O'Brien will get $32 million and that the network agreed to pay his staff $12 million in severance.

The announcement comes seven months after O'Brien took the reins from Leno.

$44 million! That's not shabby! The whole thing is so nuts!

conan-obrien.jpg
 
Screw NBC, O'Brien would be hilarious no matter who he's working with.
 
Wow. Conan got one of those CEO type deals. That's one hell of a golden parachute.

Not really. He was under contract for to be the host of the Tonight Show for I think $80 million. NBC is terminating that contract and to avoid Conan suing for breaking their deal they must give a a hefty severance. It's not like a CEO deal where they are getting paid some arbitrary figure not in anyway due to them.

It actually worked out well for Conan they could have forced him to break the contract by simply moving the Tonight Show to a later time since I don't believe the original contract said the show must be on at 11:30pm. Though NBC would have then not been able to keep the Tonight Show name and decades long reputation since they would have killed the show completely by putting "The Tonight Show" on the next day after midnight and on an hour where little people watch TV.
 
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Not really. He was under contract for to be the host of the Tonight Show for I think $80 million. NBC is terminating that contract and to avoid Conan suing for breaking their deal they must give a a hefty severance.

It actually worked out well for Conan they could have forced him to break the contract by simply moving the Tonight Show to a later time since I don't believe the original contract said the show must be on at 11:30pm. Though NBC would have then not been able to keep the Tonight Show name and decades long reputation since they would have killed the show completely by putting "The Tonight Show" on the next day after midnight and on an hour where little people watch TV.

Ah. Thanks. So they fired him and they're settling. Well that makes more sense.
 
Fox has already bought the domain name conanonfox.com.

He'll go head-to-head with Leno and Letterman soon. It will be interesting.
 
And he said his ratings were up 50% since this all started.

I suppose Jay's are up too.
 
Not really. He was under contract for to be the host of the Tonight Show for I think $80 million. NBC is terminating that contract and to avoid Conan suing for breaking their deal they must give a a hefty severance. It's not like a CEO deal where they are getting paid some arbitrary figure not in anyway due to them.

It actually worked out well for Conan they could have forced him to break the contract by simply moving the Tonight Show to a later time since I don't believe the original contract said the show must be on at 11:30pm. Though NBC would have then not been able to keep the Tonight Show name and decades long reputation since they would have killed the show completely by putting "The Tonight Show" on the next day after midnight and on an hour where little people watch TV.

Well, actually, those sweetheart bonuses that CEO big-dicks get are in their contracts.

If NBC wasn't a part of the state media, PBO might scold them for this payoff.
 
Somebody, somewhere, will claim it was all planned as a publicity stunt.

Kind of like New Coke.
 
If NBC wasn't a part of the state media, PBO might scold them for this payoff.

Unless the Government had a large percentage of shares in the company I highly doubt it.

It's interesting that you believe shareholders should have no say in how a company operates.
 
Unless the Government had a large percentage of shares in the company I highly doubt it.

It's interesting that you believe shareholders should have no say in how a company operates.

I didn't say that. Care to address any other comments I didn't make?
 
It's lame that Jay Leno retired and there was all this media buzz around it, and now he's just going to come back. That's show bizz for you.

I don't find O'Brien funny but gotta give him credit for being a Canadian that made it into the American spotlight. Not any easy thing to do.
 
It's lame that Jay Leno retired and there was all this media buzz around it, and now he's just going to come back. That's show bizz for you.

I don't find O'Brien funny but gotta give him credit for being a Canadian that made it into the American spotlight. Not any easy thing to do.

He's not Canadian, though. He's from the Boston area.
 
I didn't say that. Care to address any other comments I didn't make?

You believe Obama shouldn't be making statements towards companies that the government is major shareholders in don't you?

What else did you mean by your comment of "If NBC wasn't a part of the state media, PBO might scold them for this payoff" if not nodding to the fact that Obama has been scolding banker payouts and GM CEO's?
 
Not really. He was under contract for to be the host of the Tonight Show for I think $80 million. NBC is terminating that contract and to avoid Conan suing for breaking their deal they must give a a hefty severance. It's not like a CEO deal where they are getting paid some arbitrary figure not in anyway due to them.

It actually worked out well for Conan they could have forced him to break the contract by simply moving the Tonight Show to a later time since I don't believe the original contract said the show must be on at 11:30pm. Though NBC would have then not been able to keep the Tonight Show name and decades long reputation since they would have killed the show completely by putting "The Tonight Show" on the next day after midnight and on an hour where little people watch TV.

You think dwarves and midgets all turn on their TV sets after midnight? :mrgreen:
 
Somebody, somewhere, will claim it was all planned as a publicity stunt.

Kind of like New Coke.

Millions and millions have been pocketed because of publicity stunts and media manipulation. It's always a possibility. But I think Conan would rather have a job. Stuff happens.
 
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