Conan O'Brien "Would Be Happier Somewhere Else"

Jan. 11 2010, Updated 8:08 a.m. ET

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It’s no joke -- funnyman Conan O’Brien could leave NBC in wake of the Peacock Network’s colossal disaster involving The Jay Leno Show.

A source told the NY Post on Monday that O’Brien "would be happier somewhere else" after NBC officially cancelled Leno's ill-fated variety show Sunday, and announced that next month it will install Leno back in the 11:35 p.m. EST slot, but will trim the show to 35 minutes. NBC’s plan would have O’Brien still hosting The Tonight Show, but its start would be pushed to 12:05 a.m. EST, after Leno.

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Jimmy Fallon’s talk show would start even later -- at 1:05 a.m. EST!

The last Jay Leno Show at 10 p.m. EST would be on February 12 when that time slot is taken over by the start of the Winter Olympics.

"He's done a great job for NBC," the source told the Post. "He moved his entire staff, he moved his family to LA. And five months later, they repay him like this?"

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Fox looks to be a prime destination for O' Brien, who, according to The Wall Street Journal, has talked to O'Brien about developing a show for him there.

All was mum from Conan's camp Sunday, according to his rep Leslee Dart, who told the paper: "Conan has made no decisions yet."

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