Comcast Corp. is leaning toward keeping NBC Universal chief Jeffrey Zucker and his team if it gains control of the General Electric Co. entertainment unit, according to three people with knowledge of the situation.
GE and Comcast, the largest U.S. cable-television service, are in talks to form a company that would own New York-based NBC Universal, people with knowledge of the situation said Oct. 1. Comcast would hold more than 50 percent of the venture, which would include assets from both companies.
Zucker, 44, who succeeded Bob Wright as NBC’s president and chief executive officer in 2007, pared jobs and consolidated some operations to reduce costs as advertising sales declined. He expanded NBC’s holdings with purchases such as the Weather Channel by partnering with private-equity firms. NBC also owns the USA and Bravo cable channels, as well as broadcast operations and the Universal film studio. More…