Zucker out; Comcast's Burke to run NBCU

In an announcement that surprised no one save perhaps Jeffrey Zucker, Comcast (Nasdaq: CMCSA) COO Steve Burke will become CEO of NBC Universal when Comcast acquires NBC Universal, perhaps as soon as later this year.

Zucker, in a move that should have made his never-to-be employers wistful, waited until late Friday afternoon to state he would leave NBCU when the deal closed. In the past such an announcement would have gone relatively unnoticed, but the 24/7 news cycle caught on right away, so Comcast two days later made its own announcement that Burke, Comcast Chairman-CEO Brian Roberts' top lieutenant, would step into the spot.

Roberts issued a gushing statement at the thought: "Steve is one of the most well-respected executives in the industry and I am confident that he will lead NBCU forward to a new era of growth."

Burke has been--and will continue to--oversee the effort to make NBC Comcastic as soon as the deal clears regulatory hurdles with all sorts of federal agencies. When he's in control, Burke, a former Disney executive who has been with Comcast since 1998, will have control of such powerful cable properties as USA Network and Bravo and the sagging NBC broadcast network.

For more:
- see this story

Related articles:
Comcast, NBC employees fairly satisfied with their companies
Roberts: Comcast becoming a 'new products' company
TWC CEO Britt joins Comcast's Burke in high-priced pay day

Suggested Articles

Increased internet speeds will outpace premises WiFi capabilities, category cables can deliver the high speed and low latency demanded by consumers.

After announcing a deal to integrate the Amazon Prime Video app earlier this year, Virgin Media said that service is now available to millions of its TV…

NCTA-The Internet and Television Association is pointing to a new report that shows the cable industry had a $450 billion impact on the U.S. economy in 2018.