Conan O'Brien Reaches Deal To Leave NBC

NBC says it has reached an exit agreement with Tonight show host Conan O'Brien. The deal would let Jay Leno return to the late-night program he hosted for 17 years.

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Our last word in business today is so long. NBC, this morning, made it official. It announced that after a seven-month stint hosting "The Tonight Show," Conan O'Brien will leave. That opens up the host chair for Jay Leno, whose primetime show was judged a flop. The Wall Street Journal reports the move will cost NBC quite a bit: 32 million in severance for Conan O'Brien and $12 million for his staff. The long and very public drama has made NBC the butt of late-night jokes. Though O'Brien, at least, won't be cracking wise about the network. His agreement with NBC includes a non-disparagement clause.

And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

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