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NBC said Thursday it has reached a $45 million deal with Conan O'Brien for his exit from the "Tonight" show, allowing Jay Leno to return to the late-night program he hosted for 17 years....

Conan O'Brien is close to signing a nearly $40 million agreement to walk away from his dream job hosting NBC's "The Tonight Show."

NBC could pay O'Brien $40 million; fans plan "I'm With CoCo" rallies.

As nasty NBC exit nears, ratings for Conan O'Brien are going up

FOX411: Jay Leno and NBC agree to new contract re-installing him as host, leaving Conan O'Brien without a job, report says

In hist first show since NBC announced they were pulling the plug on the 10:00 p.m. "Jay Leno Show," and moving him back to his former 11:35 p.m. slot, Leno didn't hold back.

"Welcome to 'The Jay Leno Show.' As you know, we're not just a show anymore, we are now a collector's item," he began.

Ratings drop for NBC talk show gave CBS more ad rev -- NBC's 10 p.m. Jay Leno debacle has been good for CBS, according to Eye entertainment prexy Nina Tassler.

Other networks have approached the "Tonight Show" host after NBC indicated it would return Jay Leno to his late-night time slot.

Although NBC shot down rumors Thursday that it would be canceling the low-rated “The Jay Leno Show,” unconfirmed reports indicate a major lineup shuffle may be in the works.

Sarah Palin made a surprise appearance on "The Tonight Show with Conan O'Brien" on Friday — and turned the tables on actor William Shatner.