NBCUniversal Content Distribution Chief Matt Bond to Retire

variety.com:

Todd Spangler NY Digital Editor Matt Bond, head of content distribution for NBCUniversal, is stepping down from his post after more than 20 years at NBCU and Comcast. “In the spirit of leaving on a high note, I have decided that it is the right time professionally and personally for me to retire,” Bond wrote in a memo to NBCU staffers Wednesday. “However, the company has asked me to serve in an advisory role for the next few years, and I have agreed to do so.” Bond’s exit comes as NBCU has set plans to carve off a chunk of its cable networks and other businesses into SpinCo, a separate public entity from Comcast.

That transaction is expected to be completed by the end of 2025. Bond said he and NBCU president of content distribution Matt Schnaars “will be working through a transition,” and that they are working closely with Matt Strauss, newly appointed chairman of the NBCUniversal Media Group, “on how our team will fit into the new Media Group structure.

As we work through those details, we will certainly share them with you.” Post-spin, NBCUniversal will comprise the NBC broadcast network and stations, the Peacock streaming service, Bravo (the reality TV powerhouse seen as a key to Peacock’s success), NBC News Group, NBC Sports, Telemundo, the Universal theme parks and resorts, and NBCU’s film and television studios.

SpinCo, which will include CNBC, MSNBC, USA Network, Oxygen, E!, and other properties, is being led by CEO Mark Lazarus, who was previously chairman of NBCUniversal Media Group.