US networks launch bidding war for theking of late-night TV

Will Jay Leno go jaywalking? That's the multimillion-dollar question hanging over the future of America's most bankable late-night chat-show host. Five of the biggest US networks are attempting to lure the veteran broadcaster away from NBC, where he presents its flagship programme, The Tonight Show, in the sort of bidding war usually reserved for a Major League baseball star. Leno's contract expires next September, and the battle to secure his future is pitching some of TV's largest egos against each other. Rupert Murdoch's Fox network is reported to have sounded him out, while experts say CBS are eyeing him as a potential successor to David Letterman, who falls out of contract in 2010. Other contenders include ABC, Sony and CNN, which is searching for a candidate to replace 74-year-old Larry King, whose recently extended... [read full story]                    

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