With channels like E!, Oxygen and Syfy on borrowed time, the media company pushes deep cuts and centralizes program decisions.
NBCUniversal began discussions this week over coronavirus-induced cost-cutting measures that could result in significant layoffs, according to insiders. NBCU CEO Jeff Shell alluded to the prospect on Comcast’s Thursday earnings call. “Over the next weeks and months, we’ll make pretty significant adjustments… across our business,” he said.
Shell revealed the diagnosis in a memo to staff on Thursday. He is the first studio chief to contract the COVID-19 disease.
NBCUniversal has made things official, confirming that Jeff Shell, chairman of NBCUniversal Film and Entertainment, will take over as CEO of NBCUniversal from Steve Burke. Burke, 61, is planning to leave the company after his contract expires in August, but Shell will take over as NBCU CEO effective Jan. 1, reporting to Burke, who will move to the role of chairman, NBCUniversal.
NBCUniversal is moving closer to unveiling its successor to CEO Steve Burke. Jeff Shell, chairman of NBCUniversal film and entertainment, is expected to get the top job, with an announcement to be unveiled as early as next week, a source confirms to The Hollywood Reporter. Burke is planning to step down after his contract expires in August 2020, just after NBCUniversal’s coverage of the Tokyo Olympics.
Stephen B. Burke, the chief executive of NBCUniversal, put Jeff Shell in charge of the company’s Hollywood operations, while Mark Lazarus will oversee its TV assets.
Bonnie Hammer is moving to oversee NBCU’s forthcoming streaming service as Mark Lazarus and Jeff Shell take on expanded roles running the media conglomerate’s TV operations.
Jeff Shell, an NBCUniversal television executive, will soon take over day-to-day operations at Universal Studios, according to three people briefed on the development. Ron Meyer, who has been the movie and theme park company’s president for 18 years, is expected to move up the ladder at NBCUniversal. Comcast, the corporate owner, appears intent on funneling the Hollywood studio’s content to cable television.