BREAKING NEWS: Conan Gets His $30 Million Walking Papers

According to the Wrap, NBC has agreed to pay Conan O'Brien $30 million to vacate the 11:35pm "Tonight Show" time slot.

A lot has been going on over the late night talk show battles. First Leno's ratings in the prime time left NBC with a sticky situation. Do they move Leno back to late night? If so, what about Conan? I guess now we know the plan.

Nothing has been formally signed yet, but as soon as we get more info, we'll post it here.

Stay tuned.

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