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Conan O’Brien gets $45M exit deal

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AP reports that Conan O’Brien and NBC have finally reached a deal for him to have a $45 million exit deal. Jay Leno will resume hosting on “The Tonight Show” while O’Brien is in the process of leaving the network. NBC and O’Brien released the statement, “Under terms of an agreement that was signed earlier today, NBC and O’Brien will settle their contractual obligations and the network will release O’Brien from his contract, freeing him to pursue other opportunities after September 1, 2010.” As part of the deal, O’Brien will walk away with $33 million with the remaining going to his staff.

O’Brien’s last appearance on “The Tonight Show” will be January 22. Jay Leno will be leaving his famous “The Jay Leno Show” on Feb. 11 and then start on “The Tonight Show with Jay Leno” on March 1.

To read more go to AP.

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