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NBCU restructures to unite streaming, TV

NBCUniversal (NBCU) has announced a new organisational structure that brings its television networks and streaming service, Peacock, into one division led by Mark Lazarus.

Mark Lazarus

Effective immediately, NBCU’s TV networks, including NBC Entertainment, Telemundo, cable entertainment nets USA, SYFY, Bravo, Oxygen, E! and Universal Kids, international networks and Peacock fall under one division.

Lazarus, chairman of NBCU television and streaming, will also continue to oversee the NBC sports group, owned television stations and affiliate relations.

The company’s news networks will be organised into a single unit led by Cesar Conde, who assumes the newly created role of chairman of NBCU news group, which now includes NBC News, MSNBC and CNBC.

“This is the right structure to lead NBCU into the future during this transformational time in the industry,” said Jeff Shell, CEO of NBCU, to whom both Lazarus and Conde report.

“Mark has a proven track record across every aspect of our television business, from sports to local stations to entertainment. He is the ideal leader to oversee our television and streaming portfolio in this newly formed division, which allows us to have a more unified approach to our content strategy.”

NBC news group president Andy Lack has decided to step down and will transition out of the company at the end of the month.

Noah Oppenheim, president of NBC News, Phil Griffin, president of MSNBC, and Mark Hoffman, chairman of CNBC, will now report to Conde.

A new leader of Telemundo Enterprises, replacing Conde, will be announced later, NBCU said. Until then, the Telemundo leadership team will report to Lazarus.

Rounding out the NBCU senior management team, the executives continuing to report directly to Shell include: Matt Bond, chairman of content distribution; Bonnie Hammer, chairman of NBCU content studios; and Anand Kini, executive VP and chief financial officer.

Under the new structure, the executives who will lead businesses reporting to Lazarus include: Frances Berwick, president of lifestyle networks; Ken Bettsteller, president of international networks; Chris McCumber, president of entertainment networks; Valari Staab, president of NBCU-owned television stations; Matt Strauss, chairman of Peacock; and Paul Telegdy, chairman of NBC Entertainment.

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