The New York Times
Peter Chernin, the former president of News Corporation and one of the highest profile media executives not tethered to a major conglomerates, is advising Comcast in its bid to acquire a majority stake in NBC Universal, according to executives briefed on the matter who spoke anonymously because Mr. Chernins role in the deal was meant to be private.
Mr. Chernin, these people said, has been acting as a paid consultant to Comcast for several months, as the cable company, the nation’s largest, has been in negotiations with General Electric to acquire NBC Universal.
Mr. Chernin has not been a part of meetings with General Electric and its bankers about deal terms, but has been an active participant in internal meetings at Comcast, these people say. “It’s been very internal,” said one executive who has been in these meetings. “He’s helping the company understand what the prospects are for these content businesses.” More…