By Frank Macek 8:50 PM Update: The New York Times reports that pressed by affiliates and shrinking ratings, NBC has a plan in the works to radically alter its latenight television lineup, restoring Jay Leno to his old spot at 11:35 each weeknight, while pushing the man who replaced him, Conan O'Brien, to a starting time of 12:05 a.m. 4:47 PM: The Director's Cut has learned NBC is about to blow up Leno at 10 PM, according to website TMZ.COM According to TMZ, they learned "Jay's 10:00 PM show will go on hiatus February 1. After the Olympics, Jay will take back his 11:30 PM time slot. What has not been decided -- whether Jay's show will be a half hour, followed by Conan, or whether Jay's show will be an hour and NBC says sayonara to Mr. O'Brien." NBC is denying the rumors saying "Jay Leno is one of the most compelling entertainers in the world today. As we have said all along, Jay's show has performed exactly as we anticipated on the ne...