Rob Lowe Counsels Conan O'Brien on 'Tonight Show'

So it has come to this: I cannot express in words how much I enjoy hosting this program and what an enormous personal disappointment it is for me to consider losing it. My staff and I have worked unbelievably hard and we are very proud of our contribution to the legacy of "The Tonight Show." But I cannot participate in what I honestly believe is its destruction. Some people will make the argument that with DVRs and the Internet a time slot doesn't matter. But with the "Tonight Show," I believe nothing could matter more.

There has been speculation about my going to another network but, to set the record straight, I currently have no other offer and honestly have no idea what happens next. My hope is that NBC and I can resolve this quickly so that my staff, crew, and I can do a show we can be proud of, for a company that values our work.

Have a great day and, for the record, I am truly sorry about my hair; it's always been that way.

Yours,

Conan

Jerry Seinfeld Sticks Up for NBC

It's hard to blame O'Brien for being a tad bitter, though fellow comic Jerry Seinfeld doesn't think he should be.

Seinfeld, whose iconic sitcom aired on the network during the '90s and '00s, praised NBC's vision in moving Leno to prime time, even if the gamble didn't quite work out as planned.

"This was the right idea at the wrong time," Seinfeld said while promoting his new reality show, "The Marriage Ref," in Los Angeles Sunday. "I'm proud that NBC had the guts to try something."

Seinfeld also said O'Brien will emerge from the wreckage unscathed.

"What did the network do to him?" Seinfeld asked. "I don't think anyone's preventing people from watching Conan. Once they give you the cameras, it's on you. I can't blame NBC for having to move things around. I hope Conan stays, I think he's terrific. But there's no rules in show business, there's no refs."

It remains to be seen if O'Brien will stay with the network that made him a star of if he'll fly the coop. He's reportedly exploring his options with Fox, but Monday, Fox entertainment president Kevin Reilly told reporters that his network is waiting for O'Brien to determine his own fate with NBC before making an offer.

"I love Conan personally and professionally. But right now, he has to make a decision," Reilly said.

NBC Pulls Plug on Leno's Primetime Experiment

Amid sinking ratings and worried affiliates, NBC announced Sunday that the Jay Leno prime-time experiment will end Feb. 12.

NBC confirmed Sunday that it will yank the comic's 10 p.m. nightly hour once the Winter Olympics begin, and it hopes he will accept a half-hour version of his show at his old time -- 11:35 p.m. -- instead.

"While it was performing at acceptable levels for the network, it did not meet our affiliates' needs and we realized we had to make a change," NBC Universal Television Entertainment Chairman Jeff Gaspin said at the NBC winter press tour in Pasadena, Calif., Sunday.

"What happened starting in November [was] the affiliates called, saying, 'Wow, wow, our local news is being affected more than we expected,'" Gaspin said.

NBC has spoken to Leno, O'Brien and Jimmy Fallon about moving their shows to later start times, Gaspin said. Under the proposal, O'Brien, the man who replaced Leno as host of "The Tonight Show," would move to 12:05 a.m., and Fallon to 1:05 a.m.

"My goal right now is to keep Jay, Conan and Jimmy as part of our late-night lineup," Gaspin said. "As much as I would like to tell you we have a done deal, we know that's not true. The talks are still ongoing."

Last week, amid a firestorm of speculation that NBC might can O'Brien altogether, the network released a statement declaring its loyalty to the late-night comic.

"We remain committed to keeping Conan O'Brien on NBC," the network said in a statement last Thursday. "He is a valued part of our late-night lineup, as he has been for more than 16 years, and is one of the most respected entertainers on television."

ABC News' David Alpert and Brian Rooney contributed to this report.