Director's Cut Alert: Reports: Jay Stays, Conan Out

TMZ.com is reporting that Jay Leno will get the full one hour "Tonight Show" starting after the Olympics.

According to TMZ.com, "As we first reported, under the contract Jay had been working under, he was guaranteed the 10 PM hour. By moving him to 11:35, NBC was in breach of his contract and needed to negotiate a new deal. That is now done, sources tell TMZ."

People magazine is reporting Conan's last night as host of the "The Tonight Show" will be next Friday, January 22nd.

A source told the publication, "Conan does not currently plan on doing any more new shows after next week."

The show had already been planning a hiatus beginning Monday, January 25.

So Conan O'Brien is out, and Jay is restored.

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