New York Post
General Electric has finalized details of Jeff Zucker‘s exit deal from NBC Universal, according to sources familiar with the situation.
Zucker will leave “a couple of months” after Comcast Corp. closes its agreement to acquire a 51 percent stake in the media giant from its current owners General Electric and Vivendi — with an exit package of roughly $30 million to $40 million, under the proposed exit deal, those sources said.
The Comcast acquisition is expected to close in early 2011 after regulatory approval.
Sources close to the company steadfastly denied yesterday that any exit package for Zucker existed. GE, in a statement, called reports of an exit package “not true.” More…