This afternoon, a whirlwind of gossip about the Jay Leno Show being canceled started swirling. Then came rumors that Jay Leno would move to 11:30, bumping Conan O’Brien from his Tonight Show gig.

What’s the truth?

An NBC rep set the record straight, saying (sort of) that Jay Leno is neither canceled or moving timeslots. We think.

The NBC rep commented, “Jay Leno is one of the most compelling entertainers in the world today. As we have said all along, Jay’s show has performed exactly as we anticipated on the network. It has, however, presented some issues for our affiliates. Both Jay and the show are committed to working closely with them to find ways to improve the performance.”

The Jay Leno Show is, however, expected to be on hiatus during the Winter Olympics.