DIRS.INFO The most relevant business & tech news

☆ Inside NBCUniversal, female execs are eyeing leadership's next moves after CEO Jeff Shell's ouster over 'inappropriate relationship': 'We're watching'
▼ + stars: | 2023-05-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

NBCUniversal insiders are reeling after chief Jeff Shell's stunning departure and asking questions about what's next for the Comcast division. News of Shell's hasty exit dropped April 23 after an investigation into what he called an "inappropriate relationship" with a company employee. "It's shocking," said one employee, wondering how an executive at Shell's level would take such a risk with his career. Two staffers also grumbled that the company hasn't widely addressed the matter internally since its terse statement announcing Shell's exit. Keeping Cavanagh atop NBCU could serve another purpose — to help bring about a merger of Comcast with Warner Bros.

☆ Biden set to address White House Correspondents Dinner
▼ + stars: | 2023-04-29 | by ( Maegan Vazquez | ) edition.cnn.com time to read: +9 min

But undoubtedly, a White House official told CNN, his speech will address the issue of wrongfully detained Americans abroad. US President George W. Bush, left, waves with impressionist Steve Bridges at the White House Correspondents' Dinner in 2006. Roger L. Wollenberg/Pool/Getty Images The White House Correspondents' Dinner is held in 1923. It was started two years earlier by the White House Correspondents' Association, the organization of journalists who cover the president. Roosevelt was congratulating Brandt for winning the first Raymond Clapper Memorial Award, which was given by the White House Correspondents' Association for distinguished reporting.

☆ Ousted NBC Executive Jeff Shell Loses $43.3 Million After For-Cause Firing
▼ + stars: | 2023-04-28 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Jeff Shell acknowledged that he had an inappropriate relationship with a company employee. Photo: Javier Rojas/Zuma PressFormer NBCUniversal Chief Executive Jeff Shell will lose out on more than $40 million in compensation after being terminated for cause earlier this week because of inappropriate conduct. NBCUniversal parent Comcast Corp. disclosed Friday that Mr. Shell’s stock options and grants, which were valued at $43.3 million when he was fired on Sunday, have been forfeited and canceled.

The company's total revenue fell 4.3% to $29.69 billion in the quarter, but beat analysts' average estimate of $29.30 billion, according to Refinitiv data. However, adjusted losses from the ad-reliant platform widened to $704 million from $456 million a year-ago as Comcast continues to invest heavily in content. Theme parks revenue climbed nearly 25%, thanks to a rebound in attendance at its parks overseas and the lifting of COVID curbs in China. Comcast gained 5,000 broadband customers in the March quarter, while Factset had estimated a loss of 20,000 users. Overall, net income attributable to Comcast rose 8% to $3.83 billion in the quarter.

☆ Comcast beats estimates despite slowing broadband growth, higher Peacock losses
▼ + stars: | 2023-04-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Comcast topped analyst expectations with its first quarter earnings report Thursday, despite the cable and media giant's residential broadband business's slowing growth and mounting Peacock losses. Still, it was a sign that Comcast, like its peers, continue to face slowing growth in the broadband business. Cable TV customers continued their exodus from the traditional bundle, with Comcast losing 614,000 subscribers during the quarter. Comcast said Peacock subscribers grew more than 60% year-over-year to 22 million, and revenue was up 45% to $685 million. Peacock had $704 million in losses, up from losses of $456 million in the same period last year.

☆ NBCUniversal insiders are asking what's next after CEO Jeff Shell's 'shocking' exit, and female execs are watching leadership closely after a string of high-profile sexual allegations
▼ + stars: | 2023-04-26 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

They're asking what Comcast exec Mike Cavanagh's elevation to handle Shell's remit means for NBCU's future. NBCUniversal insiders are reeling after chief Jeff Shell's stunning departure and asking questions about what's next for the Comcast division. News of Shell's hasty exit dropped Sunday after an investigation into what he called an "inappropriate relationship" with a company employee. "It's shocking," said one employee, wondering how an executive at Shell's level would take such a risk with his career. Keeping Cavanagh atop NBCU could serve another purpose — to help bring about a merger of Comcast with Warner Bros.

☆ It's judgment day: Shocking exits of Tucker Carlson, Don Lemon, and Jeff Shell rock the TV industry
▼ + stars: | 2023-04-24 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +5 min

NBCU CEO Jeff Shell, Fox News' Tucker Carlson, and CNN's Don Lemon are all out. Shell's bombshell exit took many insiders by surprise, Insider's Claire Atkinson reported on Sunday. Fox News declined to comment beyond its press release saying it had agreed to "part ways" with Carlson. Media watchers had been primed for a Lemon exit for weeks. With all the news of the past 24 hours, media insiders have barely even gotten a chance to drill down into the second wave of layoffs at Disney, which will number in the thousands.

New York CNN —Comcast said Monday it fired NBCUniversal CEO Jeff Shell after corroborating a female employee’s allegations of sexual harassment. An attorney representing CNBC anchor and senior international correspondent Hadley Gamble acknowledged Comcast investigated Shell because of her client’s complaint. After looking into the allegations, Comcast moved quickly to remove Shell, they said. But in a filing with the Securities and Exchange Commission, Comcast said it fired Shell due to allegations of sexual harassment. “Following a complaint that Jeffrey Shell, CEO of NBCUniversal, engaged in inappropriate conduct with a female employee, including allegations of sexual harassment, Comcast Corporation retained outside counsel to investigate the allegations,” the filing said.

☆ Tucker Carlson leaves Fox News in wake of Dominion defamation settlement
▼ + stars: | 2023-04-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Right-wing prime-time host Tucker Carlson is leaving Fox News immediately, the cable network announced Monday. "FOX News Media and Tucker Carlson have agreed to part ways," the company said in a statement Monday. Carlson's program, "Tucker Carlson Tonight," has long been one of Fox's top rated programs. Carlson, 53, was among the Fox hosts and executives who were questioned as part of the Dominion lawsuit. While the Dominion lawsuit was unlikely to affect Fox's business, it was unclear the toll it would take on its programming and hosts.

☆ NBCUniversal CEO Jeff Shell exits after an 'inappropriate relationship,' shocking insiders, and Comcast won't rush to replace him as corporate exec Mike Cavanagh steps up
▼ + stars: | 2023-04-24 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +5 min

NBCUniversal CEO Jeff Shell's exit shocked company insiders and all of Hollywood. NBCUniversal CEO Jeff Shell's bombshell departure on Sunday night was a surprise to the well-regarded executive and also to his closest colleagues. Deadline reported that Shell's relationship was with CNBC's senior international correspondent, Hadley Gamble, which lasted 11 years but had ended a couple of years ago. "Comcast is as buttoned-up and straight as ever — this is a black eye for Brian Roberts," the Comcast CEO. A second company insider, however, said that Cavanagh is expected to remain in the role for some time.

☆ CNN fires anchor Don Lemon in the wake of sexist comments, reported mistreatment of colleagues
▼ + stars: | 2023-04-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

CNN on Monday fired anchor Don Lemon in the wake of sexist on-air comments and reports that he mistreated female coworkers during his 17 years at the network. Lemon, who had hosted "CNN This Morning" as scheduled, said his agent informed him about his termination Monday morning. Shortly after Lemon first tweeted that he was fired, the network's CEO, Chris Licht, said the anchor and CNN "parted ways." The report was based on more than a dozen former and current colleagues of Lemon, Variety said. He has served as the prime-time anchor of CNN's "Don Lemon Tonight" for more than eight years, the network's website says.

☆ What Jeff Shell's resignation as NBCUniversal CEO means for the future of the company
▼ + stars: | 2023-04-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Jeff Shell's resignation as NBCUniversal CEO means for the future of the companyMatt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the resignation of NBCUniversal CEO Jeff Shell and what's next for the media company.

☆ NBCUniversal’s C.E.O. Was Fired After Harassment Complaint
▼ + stars: | 2023-04-24 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Jeff Shell was fired as NBCUniversal’s chief executive after an anchor at one of the company’s news networks lodged a sexual harassment complaint against him, a lawyer for the anchor said on Monday. Shell was fired on Sunday for cause and would not receive severance pay. Comcast, the owner of NBCUniversal, said in a securities filing Monday afternoon that it had uncovered evidence that corroborated the sexual harassment complaints. Shell was leaving the company after an investigation into a complaint about an inappropriate workplace relationship. Shell did not comment on the sexual harassment claims.

☆ NBCUniversal faces a set of company-defining decisions as CEO Jeff Shell departs
▼ + stars: | 2023-04-24 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Shell announced he was departing the company immediately Sunday after admitting to an inappropriate relationship with an NBCUniversal employee. DiscoveryThe elephant in the room with NBCUniversal is the frequent speculation in media circles that a merger with Warner Bros. Warner Bros. Warner Bros. Warner Bros.

☆ Jeff Shell out as NBCUniversal CEO after probe into inappropriate relationship
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] CEO of NBCUniversal Jeff Shell attends the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, U.S., July 6, 2022. REUTERS/Brendan McDermidApril 23 (Reuters) - NBCUniversal Chief Executive Jeff Shell is leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation, parent company Comcast Corp (CMCSA.O) said on Sunday. "I had an inappropriate relationship with a woman in the company, which I deeply regret," Shell said in a statement. Shell, previously chairman of NBCUniversal Film and Entertainment, took over as CEO in 2020, replacing Steve Burke. NBCUniversal is one of the world's largest media companies, encompassing movie and TV studios, theme parks, NBC News and cable TV networks.

☆ NBCUniversal CEO Jeff Shell to Depart After Probe Into Improper Conduct
▼ + stars: | 2023-04-23 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

Photo: Patrick T. Fallon/Bloomberg NewsNBCUniversal Chief Executive Jeff Shell is departing after an investigation into a complaint of inappropriate conduct, a stunning fall for an executive who pushed for sweeping changes at the media giant as it entered the streaming era. Mr. Shell’s exit, effective immediately, was announced Sunday by parent company Comcast Corp., where he has worked for roughly two decades.

☆ NBCUniversal CEO Jeff Shell to Depart After Company Probe Into Inappropriate Conduct
▼ + stars: | 2023-04-23 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

Photo: Patrick T. Fallon/Bloomberg NewsNBCUniversal Chief Executive Jeff Shell is leaving his post effective immediately after an investigation into a complaint of inappropriate conduct, parent company Comcast Corp. said Sunday. Shell oversaw NBCUniversal’s operations and had been with Comcast for roughly two decades. “I had an inappropriate relationship with a woman in the company, which I deeply regret,” Mr. Shell said in a statement. “I’m truly sorry I let my Comcast and NBCUniversal colleagues down.”

Jeff Shell left his role as NBCUniversal CEO on Sunday after he admitted an "inappropriate relationship" with a woman in the comany, corporate parent Comcast announced. The complaint was filed by the woman with whom Shell said he had an "inappropriate relationship," according to people familiar with the matter. Roberts will also get more involved with the NBCUniversal business alongside Cavanagh, the person said. He oversaw the company's theme parks, its Peacock streaming service, sports production operations, television stations group, and entertainment and news television networks like NBC News. Before taking the helm as CEO, Shell was chairman of NBCUniversal Film and Entertainment.

☆ NBCUniversal CEO Jeff Shell to leave company after probe into ‘inappropriate relationship with a woman’
▼ + stars: | 2023-04-23 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —NBCUniversal CEO Jeff Shell is leaving the company after an outside investigation “into a complaint of inappropriate conduct,” its parent company Comcast announced Sunday. Shell will depart effective immediately in the wake of an investigation led by an outside counsel. “Today is my last day as CEO of NBCUniversal. I had an inappropriate relationship with a woman in the company, which I deeply regret,” Shell said in a statement. Shell had been named CEO in January 2020 after leading content creation, programming and distribution for NBCUniversal Film and Entertainment.

☆ Jeff Shell, C.E.O. of NBCUniversal, Steps Down After Inquiry
▼ + stars: | 2023-04-23 | by ( Benjamin Mullin | ) www.nytimes.com time to read: 1 min

Jeff Shell, the chief executive of NBCUniversal, is leaving the company after an investigation into an inappropriate workplace relationship, the company’s owner, Comcast, said in a statement on Sunday. In the statement, Mr. Shell said that Sunday would be his last day and that he had had “an inappropriate relationship with a woman in the company.”“I’m truly sorry I let my Comcast and NBCUniversal colleagues down, they are the most talented people in the business and the opportunity to work with them the last 19 years has been a privilege.”Comcast’s terse statement did not say who would be replacing Mr. Shell at NBCUniversal, which he has led since 2020.

☆ NBCUniversal CEO Jeff Shell is stepping down following an 'inappropriate relationship' with a colleague
▼ + stars: | 2023-04-23 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

NBCUniversal CEO Jeff Shell is leaving the company over an inappropriate relationship with an employee. The CEO of NBCUniversal, Jeff Shell, is stepping down immediately following an investigation into a complaint of inappropriate conduct, Comcast announced Sunday. "Today is my last day as CEO of NBCUniversal," Shell said in a two-paragraph statement. "I had an inappropriate relationship with a woman in the company, which I deeply regret. Shell became CEO of NBCUniversal in 2020 and was chairman of Universal Filmed Entertainment Group from 2013 to 2019.

☆ Look inside Super Nintendo World, which just opened at Universal Studios Hollywood
▼ + stars: | 2023-02-17 | by ( Sarah Whitten | ) www.cnbc.com time to read: +9 min

Mario poses at the "SUPER NINTENDO WORLD" welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California. Princess Peach's castle in Super Nintendo World at Universal Studios Hollywood. Mario Kart visors from Mario Kart: Bowser's Challenge at Super Nintendo World at Universal Studios Hollywood. Merchandise available at 1-UP Factory inside Super Nintendo World at Universal Studios Hollywood. Toadstool Cafe during a media preview of Super Nintendo World theme park at Universal Studios Hollywood in Universal City, California, US, on Thursday, Feb. 16, 2023.

☆ NBCUniversal expects Peacock losses to peak this year as streamer slowly adds subscribers
▼ + stars: | 2023-01-26 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

The NBCUniversal Inc. Peacock streaming service is displayed on a laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Monday, April 20, 2020. Streaming service Peacock has slowly been taking flight with consumers. Like its peers, Comcast has been investing in its streaming platform by putting more of its content on Peacock. Company executives said Thursday Peacock losses will peak in 2023 at around $3 billion, but expect it to steadily improve after that. And besides that, propping up Peacock with NBCUniversal content from its linear networks also only helps to accelerate its bleeding of Comcast's cable-TV customers.

☆ 'M3GAN' is getting a sequel after smashing the box office
▼ + stars: | 2023-01-18 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

"M3GAN" is getting a sequel, set for release in 2025. It shows the power of a potential merger between its production companies, Blumhouse and Atomic Monster. Production studios Blumhouse and Atomic Monster announced on Wednesday that they've greenlit a sequel to their hit horror movie, about an AI-powered doll that torments any humans she thinks will harm her owner. The sequel, titled "M3GAN 2.0," is set for release on January 17, 2025. "M3GAN" has been a box-office smash since debuting on January 6, earning $95 million at the global box office so far, $60 million of which is from the US.

☆ NBCUniversal layoffs hit TV ad sales teams as resources shift from linear to streaming
▼ + stars: | 2023-01-09 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +3 min

NBCUniversal is laying off executives from its ad sales teams today. Linear TV ad sales is declining and NBCU is shifting priorities to streaming. NBCUniversal is letting go of ad sales executives at 30 Rock today, according to two people with direct knowledge of the changes. One of the people with direct knowledge told Insider the layoffs overall will be "big." The company has been looking to shave staff after a decline in linear TV viewing and an ad recession have hurt the traditional ad sales business.

Search resuls for: "Jeff Shell"

25 mentions found