Peacock integration of Telemundo begins

Unclear whether there will be layoffs at either company

Two weeks after NBC unveiled its deal to acquire Telemundo, the Peacock is beginning to work the Hispanic broadcaster into the family.

NBC has assembled an integration team to lay out a transition plan for the two companies. Brandon Burgess, senior VP of NBC business development and Alan Sokol, chief operating officer of Telemundo, will lead the Telemundo integration team. Burgess and Sokol will report to the Telemundo Integration Leadership Council, comprised of NBC chairman and CEO Bob Wright, NBC prexy-COO Andrew Lack, Telemundo CEO Jim McNamara, as well as NBC’s Scott Sassa, Randy Falco, Mark Begor and Jay Ireland, representing each of the major areas of the Peacock.

“The opportunities for synergies and collaboration between NBC and Telemundo extend deeply into our respective organizations and involve the stations division, news, sales, operations and virtually every other division of the company,” Lack said.

As NBC looks to increase efficiencies, it’s unclear whether there will be layoffs at either company. “It would be premature to speculate. We’re waiting to see the results and recommendations of the integration team,” an NBC spokesman said.

NBC agreed to buy the No. 2 Hispanic broadcaster for nearly $2 billion in cash and stock, plus the assumption of $700 million in debt. NBC will be filing for regulatory approvals of the transaction shortly and expects no major delays.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety