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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.