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.
