Conan O'Brien Set to Exit NBC

As expected, Conan O’Brien will officially step down as host of NBC’s The Tonight Show tomorrow with a departing package reported to be worth more than $40 million. An estimated $32.5 million is expected to go to Conan, with the rest to his staff in severance pay. 

O’Brien will be free to begin another hosting job as soon as September. Although speculation has pointed to a late-night talk show on Fox, ABC has also expressed interest, Comedy Central is a logical option and there could always be the possibility of going into first-run syndication similar to the old Arsenio Hall Show.

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