Conan O'Brien is settled

Conan O'Brien and NBC reach a settlement

NBC finally reached a deal with Conan O'Brien to leave the network. Friday's his last show and he won't be allowed to return to television until September 1. He also has to give up the rights to all of his skits, such as the Masturbating Bear and Triumph the Insult Comic Dog, so get ready for the Masturbating Liger and Triumph the Insult Comic Monkey on Conan's new show. From ABC News:

After weeks of wrangling between "Tonight Show" host Conan O'Brien and NBC, "a deal is signed and an official announcement will be made this morning," the network confirmed today to ABC News.

O'Brien reportedly won't be allowed to take his best-known characters and skits with him when he leaves, NBC but The Wall Street Journal reports that O'Brien will receive a severance package of about $32 million while his staff will receive some $12 million. Staff severance was a sticking point in O'Brien's protracted negotiations with the network, his manager told ABCNews.com earlier this week.

The exit package also likely includes a "nondisaparagement" clause that would prevent O'Brien and NBC from saying negative things about one another for a set period of time.

One thing that's missing from O'Brien's agreement, however, is a rumored "mitigation" clause that would have allowed NBC to avoid paying at least some of O'Brien's severance if he gets another hosting job, according to entertainment gossip Web site TMZ.com.

You know what, I'm glad Conan took NBC to the cleaners. Rich white men have been screwed over and taken advantage of for too long in this country! It's about time someone stood up! Co-nan! Co-nan! Co-nan!