text: Leno's second tenure (2010–2014) On March 1, 2010, Jay Leno returned to The Tonight Show, with Wally Wingert as his announcer. On April 12, 2010, bandleader Kevin Eubanks announced his departure after 18 years (15 years as bandleader) on May 28. Rickey Minor replaced him as bandleader on June 7. On July 1, 2010, Variety reported that only six months into its second life, Leno's Tonight Show posted its lowest ratings since 1992. By September 2010, Leno's ratings had fallen below O'Brien's when he had hosted The Tonight Show, although O'Brien's ratings had spiked during the show's final days during the media publicity onslaught, and this tally pivots upon that anomalous spike in O'Brien's ratings. NBC ratings specialist Tom Bierbaum commented that due to the host being out of late-night television for a period of time and the subsequent 2010 Tonight Show conflict, Leno's ratings fall was "not a surprise at all." In October 2010, David Letterman beat Leno's program in the ratings, for the first time since Leno returned to hosting The Tonight Show. By May 2011, Leno regained the lead over Letterman and held it until leaving the show in February 2014. In August 2012, The Los Angeles Times reported that The Tonight Show was in trouble for a number of reasons, notably that NBC was losing money. The Times later elaborated, noting that advertising revenue from The Tonight Show had dropped more than 40% since 2007, from $255.9 million annually to $146.1 million. Still, despite these problems, during 2012–13, The Tonight Show with Jay Leno was consistently the highest-ranking late-night show, regularly achieving audiences of over 3.5 million, according to Nielsen ratings. Leno's audience became considerably smaller after its peak 2002–03 season, when it routinely attracted 5.8 million viewers a night. This was partly due to the continuing fragmentation of the TV audience, with an increasing number of cable shows, such as The Daily Show with Jon Stewart, The Colbert Report and Conan O'Brien's new show on TBS, in addition to competition with Letterman on CBS and since January 8, 2013, Jimmy Kimmel Live! on ABC, although Leno continued to lead the time slot.