Conan O'Brien to exit The Tonight Show

It's confirmed. Conan O'Brien is leaving The Tonight Show.

According to The Daily Beast website, the host of the show who took over Jay Leno is leaving NBC for an as-yet unspecified payout.

Which means he will be free to appear on another network before his contract expires, the website reported.

TMZ reported that NBC has signed Jay Leno to a new contract that will give him a one hour late night talk show from 11:35pm to 12:35 under the title The Tonight Show.

As for O'Brien, it's unclear where he might go next.

Image: Conan O'Brien and Jay Leno