They say worst November in 15 years so the numbers are still better than they were for Leno himself in November of 1994 - two years after his Tonight Show debut. It takes time to build an audience. NBC was patient with Jay (and Conan the first time around) and it'll pay off if they're patient again.
If they dump Conan you just know that he'll eventually be Letterman's replacement and it'll burn them at some point down the road.
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