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NBC: O'Brien Reaches `Tonight' Exit Deal

By: AP
By: AP

NBC says it has reached a deal with "Tonight" host Conan O'Brien for his exit from the show, allowing Jay Leno to return to the late-night program he hosted for 17 years. The deal is worth a reported $44 million.

Network spokeswoman Allison Gollust confirmed the deal early Thursday but did not offer any other details. Earlier, The Wall Street Journal reported that O'Brien will get $32 million and that the network agreed to pay his staff $12 million in severance.

The announcement comes seven months after O'Brien took the reins from Leno.

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