TMZ suggested Leno at 11:30 might be a half-hour show, with Conan sliding back to midnight. But it's unclear what provisions Conan has in his "Tonight Show" contract about having to change timeslots, or about Leno returning to late night (with or without the "Tonight Show" name). He may simply decide his pride has been hurt enough and leave, though his struggles the last few months have no doubt made him a less desirable commodity for ABC or Fox than he was before he took over "Tonight."
I always liked Conan but I have to admit that I never watch his show. Of course, I never watched Letterman or Leno before either so maybe I'm not the demographic that is important. Still, seems like an extremely funny guy who supposedly had a promising career suddenly has an uncertain future. I wonder what he's going to do now.
And the fact that NBC can actually make money by being third, sometimes 4th, in the ratings every night at primetime, is pretty ridiculous. TV is in a sad state.