Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media.
Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media.
Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.
Jeff Shell, whose tenure running NBCUniversal came to an abrupt end last spring, is in advanced talks to join private equity firm RedBird Capital Partners.
The string of division reorganizations at NBCUniversal that started this past summer with the leadership transition following CEO Jeff Shell’s exit continues.
Mark Marshall, a nearly 10-year veteran of NBCUniversal, has been promoted to Chairman of Global Advertising and Partnerships.
Mike Cavanagh, the president of Comcast who was recently named the de-facto head of NBC Universal, said the company remains “committed to reaching a fair deal [with actors and writers[ as soon as possible, so we can get back to doing what we do best, which making great content together.”
Peacock is phasing in the first price hike in its three-year history, which will increase the rate for the streaming service’s Premium tier by $1 a month and that of Premium Plus by $2 a month.
The news Thursday about Universal Filmed Entertainment Group chairman Donna Langley’s ascent to bring TV content under her domain doesn’t just speak to the greater NBCUniversal plan to have a more unified strategy across theatrical, TV and streaming.
Donna Langley is a dame in waiting no more. The veteran movie executive, with deep ties to Hollywood filmmakers and a knack for shepherding blockbusters to the screen, ascended to NBCUniversal’s content throne on Thursday, one of the big winners in a sweeping reorganization made by company CEO Mike Cavanagh. In her new role as chief content officer, Langley won’t just be overseeing Universal’s slate of films. She will also take ownership of its TV and streaming creative strategy. It’s an elevation that many industry players saw as inevitable – after all, how much longer could the company keep the in-demand executive without expanding her portfolio?
David Zaslav should be sending a fruit basket right about now to Comcast President Mike Cavanagh.
Anyone looking for a sign of Comcast President Mike Cavanagh’s strategy as the recently installed overseer of NBCUniversal got a bright one Thursday.
NBCUniversal is going through another restructure.
Donna Langley is set to take control of content and creative ops across NBCUniversal’s portfolio of brands, as TV chief Susan Rovner exits the company. The shakeup in leadership is the first major restructuring move made by Mike Cavanagh since he took over ousted Jeff Shell’s position atop the Comcast-owned media company. In a memo to staff Thursday, Cavanagh announced NBCUniversal will be reorganized into four key units: NBCUniversal Studio Group, led by Langley, NBCUniversal Media Group, run by chairman of TV and streaming Mark Lazarus, NBCU News Group, run by existing news boss Cesar Conde, and the Universal Destinations and Experiences Group headed up by parks boss Mark Woodbury.
Katie Couric has spent a good deal of her career getting to know those who walk the power corridors of the media business.
Katie Couric spoke out Wednesday against former NBCUniversal CEO Jeff Shell and the workplace misconduct that led to his ouster in April, calling him “so stupid and reckless.”“Clearly someone in a position of power cannot be involved in a sexual relationship with someone whose fate depends on said person,” Couric said, speaking on Kelly Ripa’s podcast with SiriusXM, “Let’s Talk Off Camera.” “And so that’s why I was just so shocked that Jeff Shell would do this. And what is it? Is it kind of the power dynamic? Are they so surrounded with yes people, they think the rules don’t apply to them?”The lauded journalist and former anchor of NBC’s morning news program, “Today,” added, “It just amazes me that a powerful executive like that would be so dumb, just be so stupid and reckless.
exited the company after more than a decade on Friday to serve as the new chief executive officer of Twitter. “So what was more surprising today, being welcomed by a foul mouthed teddy bear or seeing me up here on stage?,” Lazarus told an audience of advertisers during the company’s Upfront presentation on Monday, referencing a raunchy musical opening from Seth MacFarlane’s Ted.
In a potentially seismic change on the eve of the broadcast upfronts, word emerged Thursday evening that NBCUniversal sales chief Linda Yaccarino is reportedly in discussions to become Twitter’s new CEO.
Hadley Gamble, whose complaints led to the firing of ex-NBCUniversal boss Jeff Shell late last month, is leaving CNBC, the network said today.
Brian Steinberg Senior TV Editor Hadley Gamble, a CNBC reporter who ended up as part of the headlines involving the business-news outlet’s corporate parent and the ouster of its most recent CEO, is departing the company herself. “CNBC today announced that Hadley Gamble, Anchor and Senior International Correspondent, is leaving the company,” the network said in a statement. “Gamble has been a distinguished journalist for more than a decade for CNBC, undertaking highly visible and challenging assignments, and developing deep expertise in the Middle East and beyond. Her initiative and drive have secured valuable interviews with several world political leaders. We wish her every success in her future endeavors.”
Two-thirds of Peacock’s 22 million subscribers have watched a recent Universal theatrical film, the NBCUniversal streaming service announced at its NewFronts presentation Tuesday.
Jeff Shell, the ousted CEO of NBCUniversal, forfeited compensation valued at $43 million for 2022 after being fired for cause last Sunday.
Todd Spangler NY Digital Editor Jeff Shell, the former chief executive of NBCUniversal, forfeited stock grants and options worth $43.3 million after he was fired for cause earlier this week, according to a Comcast regulatory filing. Shell was terminated as CEO of NBCU over the past weekend after an internal investigation into his relationship with Hadley Gamble, an international correspondent for CNBC. “As previously disclosed, Mr. Shell’s employment was terminated with cause on April 23, 2023. As a result, he did not receive any supplemental payments or benefits in connection with his termination,” Comcast said in its 2023 proxy statement. “He will receive only his accrued but unpaid base salary and vacation time, vested employee benefits and reimbursement for any unreimbursed business expenses in accordance with his employment agreement.”
Cynthia Littleton Business Editor The first rumblings about Comcast considering a major change involving NBCUniversal started this time last year.Now, in the wake of NBCUniversal CEO Jeff Shell’s abrupt firing, industry speculation about what may be in store for the network-studio conglomerate has gone into what-if overdrive. Maybe NBCU merges with Hulu to become a stand-alone company. Maybe the cable operations of Comcast and the satellite business of the U.K.-based Sky are separated from NBCU.
Brian Steinberg Senior TV Editor Comcast said it managed to boost profit during its fiscal first quarter even as it navigated a dip in media advertising and slowing growth among broadband subscribers, yet boosted U.S. subscribers to its Peacock streaming hub to 22 million. The Philadelphia owner of NBCUniversal, Sky and its large broadband and cable business said profit came to $3.83 billion, or 91 cents per share, compared with $3.55 billion, or 78 cents per share in the year-earlier period. Comcast reported earnings per share of 92 cents after adjusting for one-time items Revenue fell 4% to $29.69 billion, compared with $31.01 billion in the year-earlier period, thanks to comparisons with a quarter in 2022 that contained both the broadcast of the Super Bowl and the Beijing Olympics.
Jeff Shell looked more like a snowy-haired roadie than a VIP as he milled about in the wings of the Sahara Tent ahead of Blink-182’s set at Coachella on April 14. The NBCUniversal CEO had spent the day at the festival with his wife, Laura, in anticipation of the band’s first show in nearly a decade. Later, he took a seat alongside a leather-clad Kourtney Kardashian, whose long-running “Keeping Up With the Kardashians” holds a significant presence in the NBCUniversal spread, with all 20 seasons of the reality show having recently moved from Hulu to Peacock. But Shell wasn’t there on business. He enjoys close ties with the band’s bassist and co-lead vocalist, Mark Hoppus, a friendship forged thanks to their kids attending the same school in L.A.
Gene Maddaus Senior Media Writer Jeff Shell was forced out as CEO of NBCUniversal after an internal investigation into his relationship with Hadley Gamble, an overseas correspondent for CNBC, two sources confirmed to Variety on Monday. In a securities filing on Monday, Comcast said that the company received a complaint of “inappropriate conduct,” including sexual harassment. During the investigation, “evidence was uncovered that corroborated the allegations,” leading to Shell’s termination “with cause.” Gamble is based in Abu Dhabi, where she anchors the “Capital Connection” broadcast. She has worked for the network since 2010. Her previous jobs included stints at CNN in Abu Dhabi and at ABC News and Fox News in Washington.
NBCUniversal CEO Jeff Shell was dismissed “with cause” due to “inappropriate conduct” and “sexual harassment” of an employee, according to a new SEC filing from parent company Comcast.
Fox, Comcast and Warner Bros Discovery shares each took a dip Monday after the media companies took turns generating industry-shaking headlines over less than 24 hours.
EXCLUSIVE: Multiple sources tell Deadline that the woman who filed the complaint against NBCUniversal CEO Jeff Shell for inappropriate conduct was CNBC anchor and Senior International Correspondent Hadley Gamble.
As Comcast manages through the shocking and abrupt exit of NBCUniversal CEO Jeff Shell, the company has put senior exec Mike Cavanagh at the controls on an interim basis.
Brian Steinberg Senior TV Editor After steering NBCUniversal through a global pandemic and a roiling stock market, Jeff Shell in January thought he had some good news for investors: Better times were just around the corner. “I’m pretty confident that we have a lot of growth ahead in NBCUniversal,” he told Wall Street analysts during a recent conference call. He called for new activity at the company’s amusement parks after a long fallow period caused by the COVID pandemic, as well as a boost to paying subscribers at the company’s Peacock streaming hub. Now a different executive will be charged with finding out whether Shell’s projections will come to pass.
Comcast President Mike Cavanagh will take over Jeff Shell’s role at NBCUniversal as the former CEO exited suddenly Sunday after an investigation of inappropriate conduct.
Jeff Shell has been removed as CEO of NBCUniversal effective immediately due to an “inappropriate relationship” with a female employee, according to a statement from parent company Comcast.“Today is my last day as CEO of NBCUniversal,” Shell wrote in a memo to staff. “I had an inappropriate relationship with a woman in the company, which I deeply regret.
Comcast dropped a bombshell Sunday, announcing that NBCUniversal CEO Jeff Shell is leaving the company, effective immediately. The “mutual” decision comes after an investigation led by outside counsel into a complaint on inappropriate conduct by Shell.
As Comcast NBCUniversal aggressively plans and executes a number of new theme park and destination initiatives, the company announced today a rebrand of its Universal Parks & Resorts unit, which will now be known as Universal Destinations & Experiences.
NBCUniversal’s advertising and partnerships group has formalized a new executive structure reflecting its recent moves to streamline efforts in broadcast, cable, sports and streaming.
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