The New York Times reports that Jay Leno will be replaced by Conan O’Brien on The Tonight Show. The bad news? We have to put up with five more years of Jay—Conan doesn’t take over until the end of Jay’s contract in 2009. (þ Jeff Jarvis)
Incidentally, the NYT article is written by Bill Carter, whose The Late Shift recounting the Johnny Carson succession struggle remains one of my favorite books on the TV business.
Update: James Joyner also reacts, wondering why NBC has made Jay a five-year lame duck. One suspects it was to ensure O’Brien didn’t jump ship.