"Unless I'm misunderstanding something, I don't know why, after the job Jay has done for them, why they would relinquish that," Letterman said, adding, "I have to believe he was not happy about it."
Letterman speculated whether "that's actually what's going to happen," while acknowledging NBC might be too far down the road to retreat. [...] Letterman, who called O'Brien "a very funny guy," was asked about facing him as the new "Tonight" host. A cautious Letterman said he couldn't predict the outcome. "It will be weird to see Conan at 11:30, don't you think? Which is not to say he can't succeed, but, no, I don't know what the competition will be like. I hope we're able to do OK."