NBC has given Conan O'Brien the option to either do his show from midnight to 1 or leave the network, sources tell TMZ.
As TMZ first reported, after the Olympics, Jay Leno will get his 11:30 PM time period back. We're told network execs have told Conan they will let him decide if he wants the midnight to 1:00 AM time slot. If he does, Leno's show will only be a half hour. If Conan walks, Leno will get a full hour, informed sources tell TMZ.