TMZ: The Return of Jay Leno?

From TMZ this afternoon:

NBC Shakeup — Jay Leno Comes Out on Top

Jay Leno is going back to his 11:30 PM time slot, and it’s looking like Conan O’Brien is the odd man out … sources tell TMZ.

Jay Leno, Conan O'Brien

We’ve 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.

We’re told Jay and Conan have both been told of the changes. As for Jay, interestingly, he’ll get what he always wanted — his 11:30 PM time slot.

UPDATE: A rep for NBC tells TMZ: “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 network. It has, however, presented some issues for our affiliates. Both Jay and the show are committed to working closely with them to find ways to improve the performance.” 

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