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NBC To Make Conan O'Brien Announcement Tuesday

Jan. 19 2010, Published 2:46 p.m. ET

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Seems we will soon know the fate of the Tonight Show host Conan O'Brien.

VIDEO: Conan O'Brien's Stinging Song Blasting NBC 'Morons'

As previously reported O'Brien is being bumped off of his current slot to make way for the return of the former Tonight Show host, Jay Leno.

VIDEO: Conan O'Brien Expresses Contempt For Leno, NBC, In Monologue

NBC will be releasing a statement regarding Conan on Tuesday, putting an end to the speculation that has been rampant ever since the Leno announcement was made by the network.

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Conan O'Brien Refuses To Take Part In 'Destruction' Of The Tonight Show

O'Brien's settlement with NBC, tentatively in the works, is rumored to be more than $30 million, including severance packages for his staffers; it would enable the red-headed comedian to seek employment elsewhere as early as this fall.

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