Conan O'Brien Officially Out At NBC

Conan O'Brien is now out as host of "The Tonight Show"

NBC said in statement today that O'Brien will be released from his contract, allowing him to head to another network after September 1st.


According to TMZ, Conan and NBC agreed to a $45 million settlement. Conan will get $32.5 million of that stack. The rest will go to his staff.

NBC will apparently run reruns of "The Tonight Show." with Conan O'Brien until Jay Leno takes over March 1st.

Conan's final day as host of "The Tonight Show" will take place on Friday.