Updated: NBC Signs On Leno for Prime Talker

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NBC Universal has signed Jay Leno to a multiyear contract to host a new hour-long prime-time talk show that will run weeknights at 10 p.m., the network has confirmed. That leaves NBC with just two hours of nightly prime-time programming to develop for next season instead of three.

Word of the new arrangement comes a day after NBCU CEO Jeff Zucker told attendees at the UBS Global Media and Communications Conference in New York that the business model for network TV must evolve.

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