NBC News Chairman Andy Lack is leaving his job by the end of this month as part of a massive restructuring operation at NBCUniversal that combines all television and streaming operations into a single unit.
Mr. Lack is being replaced by Cesar Conde, Chairman of the Telemundo Spanish-language network and NBCUniversal Group, who will now head the news unit, NBCUniversal News Group that will encompass CNBC, NBC News, and MSNBC, according to an NBC Universal announcement,referring to an announcement by NBC Universal CEO Jeff Shell.
Mark Lazarus, who now heads NBC Sports, is to become Chairman of NBCUniversal Television and Streaming, which will include NBC’s broadcast operations, the cable channels USA and Bravo, all television studio operations, the new streaming Peacock network, and he will still lead NBC Sports and television stations owned by NBC.
Mr. Lack is out!
NBC’s major news divisions, including NBC News, CNBC, and MSNBC are to report to Mr. Conde.
Mr. Lack had been Chairman since Y 2015, and Monday’s announcement about his departure comes after he was at the helm during numerous controversies, including the sexual harassment lawsuit involving star anchor Matt Lauer and questions about NBC’s coverage of former Hollywood producer Harvey Weinstein.
NBC News President Noah Oppenheim and MSNBC President Phil Griffin will report to Mr. Conde, the company’s announcement said.
Mr. Shell, who took over in January, said during Comcast’s (NASDAQ:CMCSA) earnings call last week that changes could be coming to NBCU, and said the company was not “right-sized” for the current environment, considering the C-19 coronavirus chaos. Comcast acquired NBCUniversal in Y 2013
CMCSA finished at 36.215/share Monday in NY, still off its 52 wk highs at 47.74 marked on 13 January 2020.
HeffX-LTN’s overall technical analysis of CMCSA is Neutral to Bearish in here.
The Key Support is 34.82, and the Key Resistance is 36.96.
Have a healthy day, Keep the Faith!