Steve Burke exits role as Comcast COO

Exec sharpens focus on NBC Universal

As he takes on the universe that is NBC Universal, Steve Burke has resigned from his role as Comcast chief operating officer.

Comcast disclosed the news in a Securities and Exchange Commission filing Monday. Burke will remain an exec veep of Comcast, but giving up his COO function at Comcast signals that he will completely devote himself to his duties as NBC U prexy and CEO.

As part of the transition, Comcast Cable prexy Neil Smit has taken on the additional title of exec veep. Smit was brought in to Comcast last year from Charter in preparation for Burke shifting his focus to NBC U.

SEC filing also lays out in detail the time frame for Comcast to acquire the remaining 49% of NBC U from General Electric. Complex pact sets option dates for Comcast to buy out GE’s stake, starting July 28, 2014, when Comcast has the right to buy half of GE’s remaining stake; the filing also indicates that Comcast may consider taking NBC U public at some point.

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