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.