I didn't know The Jay Leno Show was doing as terribly as it was. I don't think timeslot really effects that. The dude is way past it (if he ever had it). Conan isn't performing well with the older viewers, but he apparently dominates the 18-49 demographic, which advertisers love.
Buzzkill is right in saying that a lot of Conan's charm came from the cheaper show, but NBC should really stand behind Conan a bit here. I mean, eventually Letterman will die or something, and then it will be all Conan.
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