Conan and NBC Settle, Clearing the Way for Jay 3.0

Our long national nightmare is over: Conan O'Brien and NBC are parting ways in peace, if not amity.

In a deal first reported in The Wall Street Journal and expected to be announced officially later today, the network will pay the Tonight Show host $32 million to walk away from his show, stay off television for an unknown duration and avoid saying anything disparaging in public about NBC or its executives.