*Jay in, Conan out?

TMZ is reporting that after the Winter Olympics next month, Jay will take back his old 11:30 spot, though it's unclear whether O'Brien will stay in some lesser role or leave. TMZ says both guys have been informed.

*Here's what Bill Carter is posting at the NYT:

NBC executives held discussions with both Jay Leno and Conan O'Brien Thursday about the future of the network's late-night lineup. And while executives said that no final decision has been made, they did not deny that the network is considering moves that could include returning Mr. Leno to his old job as host of "The Tonight Show." NBC executives said a decision would definitely not be announced Thursday but did not deny a report posted by the website TMZ that NBC was considering making the switch and replacing Mr. O'Brien at "Tonight" with Mr. Leno.