Comcast, NBCU combine venture capital units, shake out sports at NBC

Comcast (Nasdaq: CMCSA) and NBCUniversal continue to demonstrate those "synergies" that merging companies love to talk about. The two have combined their venture capital arms--Comcast Interactive Capital and Peacock Equity Fund--into a new fund called (wait for it) Comcast Ventures.

The new entity, worth about $750 million, will be ruled by former Comcast Interactive Media President Amy Banse, whom Comcast Chairman-CEO Brian Roberts described as "an innovator at heart."

Speaking of innovators, NBC Sports President Ken Schanzer is retiring. Schanzer's departure soon after that of his former boss and sports innovator Dick Ebersol, "raised eyebrows in media industry circles," a Los Angeles Times story said.

For more:
- Multichannel News has this story
- the Chicago Tribune has this story

Related articles:
Smit: NBCU will give Comcast programming 'synergies'
Sports news: Ebersol resigns at NBC, Fox beats Cox for Padres broadcasts

Suggested Articles

Comcast last Friday moved Turner Classic Movies to its Sports Entertainment add-on package, a move that angered several subscribers.

With the streaming wars intensifying, the “aggregation wars” are poised for greater activity as well: everyone wants a piece of this pie.

Comcast/NBCUniversal is reportedly shifting around its management team ahead of the company’s high-profile launch of Peacock.