This weekend NBC Chairman Jeff Gaspin announced that "The Jay Leno Show" will no longer be airing at 10:00p. This has been the worst kept secret in Hollywood in some time.
He went on to say: “While [Leno] was performing at acceptable levels for the network, it did not meet our affiliates’ needs, and we realized we had to make a change. My goal right now is to keep Jay, Conan [O'Brien], and Jimmy [Fallon] as part of our late-night lineup. I have spoken to all of them and proposed that The Jay Leno Show move to 11:35, The Tonight Show with Conan O’Brien to 12:05, and Late Night with Jimmy Fallon would then start at 1:05.As much as I’d like to tell you we have a done deal, that’s not true,” he added. “The talks are ongoing. [But] I hope and expect, before the Olympics begin, we will have everything set. I can’t imagine we won’t.”
Basically NBC screwed themselves with this deal. They should neve have let Jay go from "The Tonight Show" because ratings are down over 50% year to year and the show is regularly getting beaten in the ratings by "The Late Show with David Letterman."
Speaking of Letterman, he and "Late, Late Show" host Craig Ferguson their contracts have been renewed through 2012