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Latest Satellite News Discussion, NBC agrees to pay Conan $30 million to vacate slot at General Satellite News forum; MUMBAI: NBC has agreed to pay O'Brien $30 million to vacate the 11:35 pm slotted Tonight Show, it is understood. ...

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NBC agrees to pay Conan $30 million to vacate slot
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NBC agrees to pay Conan $30 million to vacate slot - 16-January-2010, 18:58

MUMBAI: NBC has agreed to pay O'Brien $30 million to vacate the 11:35 pm slotted Tonight Show, it is understood.
Though the O'Brien camp kept quiet, others described the negotations in detail.
It is understood that the deal was brokered by Universal COO Ron Meyer after talks had reached an impasse with both sides threatening to bring lawsuits. Meyer, a former agent, brought both sides together in an attempt to reach a resolution to the programming crisis.
Key terms of the agreement include the $30 million payout that was worked out between Meyer and Rick Rosen.
NBCU President and CEO Jeff Zucker, NBCU Television Entertainment chairman Jeff Gaspin and co-chairman NBC Entertainment and NBC Televison Studio Marc Graboff were involved in night-long negotiations with O'Brien's representatives.
   
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