Comcast COO Burke Takes Top Spot at NBC Universal
NEW YORK (AP) — Comcast Chief Operating Officer Steve Burke will succeed Jeff Zucker as the new CEO of NBC Universal later this year, when Comcast takes control of the broadcaster.
Comcast Corp. and General Electric Co., which currently owns NBC, said Sunday that Burke will work with Zucker during the transition. Zucker, who has spent his entire career at NBC, said last week that he would be stepping down after the change in control, telling employees in an e-mail that he understood the new owners would want to have one of their own at the helm.
The possibility of a change-in-command had been looming since last December, when Comcast agreed to buy a 51 percent stake in NBC Universal from Fairfield, Conn.-based GE. That deal, worth $13.75 billion, still hasn’t cleared regulatory hurdles, but is expected to be completed around the end of the year.
Burke was seen as a likely successor to Zucker. The 52-year-old first joined Philadelphia-based Comcast in 1998 as president of Comcast Cable. He is credited with leading Comcast’s delivery of video on demand, which was introduced in 2003. He has also been president of ABC Broadcasting and president and chief operating officer of Euro Disney SA.
Burke inherits a struggling fourth-place network in need of change. The network’s news division and late-night programming have remained strong but its prime-time lineup has weakened since its 1990s dominance in the “Must-See TV” era of comedy hits “Friends” and “Seinfeld.”
NBC Universal also owns the Telemundo television network along with 26 TV stations; cable channels USA, Bravo, Oxygen, Syfy, CNBC and others; the Universal Pictures movie studio and Focus Features; theme parks in California, Florida and Japan; and has part ownership of online video site Hulu.
In a joint statement Sunday, Comcast and GE said they have faith in Burke’s ability to lead NBC.
“Steve is one of the most well-respected executives in the industry, and I am confident that he will lead NBCU forward to a new era of growth,” said Comcast CEO Brian L. Roberts.