Because television a collaborative business it's a messy problem. But even once it gets straightened out, what will NBC really own? Everyone seems to be in agreement that the goal is to prevent Conan O'Brien from using the bits elsewhere, not that NBC is going to exploit them itself. It couldn't; the characters and skits would be only an unfunny imitation without Conan. Everyone is also in agreement that it's trivially easy for Conan O'Brien to take the same comedic concepts and apply them in a context different enough to avoid infringement. They won't have the same titles and character names, but they will nevertheless be similar because they come from Conan's unique sense of humor. Humor is one intangible property that can't be assigned.
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