It seems the network wants a deal in place to announce at its May up-front presentation We reported back in January that Fox was one of the networks interested in a late-night talk show hosted by Conan O'Brien and it seems the talks keep advancing. The Los Angeles Times is reporting that Fox and O'Brien are coming closer to a deal to bring the late night host to the network, but it's far from a done deal yet. Here's an excerpt from the article.

Key Fox executives, including Rupert Murdoch, are on board with the plan and would like to finalize a deal in coming weeks so they can make a splash on May 17 when the network unveils its fall lineup. Several significant issues remain and the Fox talks could fall apart, according to people close to the negotiations who asked anonymity because the discussions were meant to be private.

One of the hurdles is that Fox is apparently willing to spend far less on the show than NBC was. The site reports that Fox wants to spend about $60 million a year to produce the show, while NBC shelled out $90 million for O'Brien's short-lived stint on The Tonight Show with Conan O'Brien.

It was said there were also issues with network affiliates, who profit from airing syndicated reruns in the late-night slots. CLICK HERE for the site's full story on the matter. We'll be sure to keep you posted on any news of Conan O'Brien's late-night plans as soon as we have more information.