Jeff Shell: Last News

Todd Spangler NY Digital Editor Jeff Shell, the former chief executive of NBCUniversal, forfeited stock grants and options worth $43.3 million after he was fired for cause earlier this week, according to a Comcast regulatory filing. Shell was terminated as CEO of NBCU over the past weekend after an internal investigation into his relationship with Hadley Gamble, an international correspondent for CNBC. “As previously disclosed, Mr. Shell’s employment was terminated with cause on April 23, 2023. As a result, he did not receive any supplemental payments or benefits in connection with his termination,” Comcast said in its 2023 proxy statement. “He will receive only his accrued but unpaid base salary and vacation time, vested employee benefits and reimbursement for any unreimbursed business expenses in accordance with his employment agreement.”

Cynthia Littleton Business Editor The first rumblings about Comcast considering a major change involving NBCUniversal started this time last year.Now, in the wake of NBCUniversal CEO Jeff Shell’s abrupt firing, industry speculation about what may be in store for the network-studio conglomerate has gone into what-if overdrive. Maybe NBCU merges with Hulu to become a stand-alone company. Maybe the cable operations of Comcast and the satellite business of the U.K.-based Sky are separated from NBCU.

Brian Steinberg Senior TV Editor Comcast said it managed to boost profit during its fiscal first quarter even as it navigated a dip in media advertising and slowing growth among broadband subscribers, yet boosted U.S. subscribers to its Peacock streaming hub to 22 million. The Philadelphia owner of NBCUniversal, Sky and its large broadband and cable business said profit came to $3.83 billion, or 91 cents per share, compared with $3.55 billion, or 78 cents per share in the year-earlier period. Comcast reported earnings per share of 92 cents after adjusting for one-time items Revenue fell 4% to $29.69 billion, compared with $31.01 billion in the year-earlier period, thanks to comparisons with a quarter in 2022 that contained both the broadcast of the Super Bowl and the Beijing Olympics.

Jeff Shell looked more like a snowy-haired roadie than a VIP as he milled about in the wings of the Sahara Tent ahead of Blink-182’s set at Coachella on April 14. The NBCUniversal CEO had spent the day at the festival with his wife, Laura, in anticipation of the band’s first show in nearly a decade. Later, he took a seat alongside a leather-clad Kourtney Kardashian, whose long-running “Keeping Up With the Kardashians” holds a significant presence in the NBCUniversal spread, with all 20 seasons of the reality show having recently moved from Hulu to Peacock. But Shell wasn’t there on business. He enjoys close ties with the band’s bassist and co-lead vocalist, Mark Hoppus, a friendship forged thanks to their kids attending the same school in L.A.

Gene Maddaus Senior Media Writer Jeff Shell was forced out as CEO of NBCUniversal after an internal investigation into his relationship with Hadley Gamble, an overseas correspondent for CNBC, two sources confirmed to Variety on Monday. In a securities filing on Monday, Comcast said that the company received a complaint of “inappropriate conduct,” including sexual harassment. During the investigation, “evidence was uncovered that corroborated the allegations,” leading to Shell’s termination “with cause.” Gamble is based in Abu Dhabi, where she anchors the “Capital Connection” broadcast. She has worked for the network since 2010. Her previous jobs included stints at CNN in Abu Dhabi and at ABC News and Fox News in Washington.

NBCUniversal CEO Jeff Shell was dismissed “with cause” due to “inappropriate conduct” and “sexual harassment” of an employee, according to a new SEC filing from parent company Comcast.

Fox, Comcast and Warner Bros Discovery shares each took a dip Monday after the media companies took turns generating industry-shaking headlines over less than 24 hours.

EXCLUSIVE: Multiple sources tell Deadline that the woman who filed the complaint against NBCUniversal CEO Jeff Shell for inappropriate conduct was CNBC anchor and Senior International Correspondent Hadley Gamble.

As Comcast manages through the shocking and abrupt exit of NBCUniversal CEO Jeff Shell, the company has put senior exec Mike Cavanagh at the controls on an interim basis.

Brian Steinberg Senior TV Editor After steering NBCUniversal through a global pandemic and a roiling stock market, Jeff Shell in January thought he had some good news for investors: Better times were just around the corner. “I’m pretty confident that we have a lot of growth ahead in NBCUniversal,” he told Wall Street analysts during a recent conference call. He called for new activity at the company’s amusement parks after a long fallow period caused by the COVID pandemic, as well as a boost to paying subscribers at the company’s Peacock streaming hub. Now a different executive will be charged with finding out whether Shell’s projections will come to pass.

Comcast President Mike Cavanagh will take over Jeff Shell’s role at NBCUniversal as the former CEO exited suddenly Sunday after an investigation of inappropriate conduct.

Comcast dropped a bombshell Sunday, announcing that NBCUniversal CEO Jeff Shell is leaving the company, effective immediately. The “mutual” decision comes after an investigation led by outside counsel into a complaint on inappropriate conduct by Shell.

As Comcast NBCUniversal aggressively plans and executes a number of new theme park and destination initiatives, the company announced today a rebrand of its Universal Parks & Resorts unit, which will now be known as Universal Destinations & Experiences.

NBCUniversal’s advertising and partnerships group has formalized a new executive structure reflecting its recent moves to streamline efforts in broadcast, cable, sports and streaming.

With advertising trends front and center for Wall Street and industry players in the current crop of media earnings, Comcast’s NBC Universal was one of the first to weigh in.

NBCUniversal CEO Jeff Shell said execs at the company and parent Comcast are “more confident” than they were a year or two ago that investments in streaming service Peacock will soon yield profits. How soon remains a bit unclear, however.

Streaming service Peacock closed 2022 with more than 20 million paid subscribers, helping Comcast slip past Wall Street estimates during a challenging fourth quarter in the media sector.

NBCUniversal is experiencing scattered layoffs in select divisions as the belt-tightening outlined in 2022 starts to take effect.

Media ratings collective OpenAP, along with national programmers Fox, NBCUniversal, Paramount, TelevisaUnivision, and Warner Bros. Discovery and the Video Advertising Bureau have formed a joint committee to push alternatives to Nielsen numbers.

NBC Universal chief Jeff Shell was coy yet clearly jazzed today about the possible merger of prolific horror producers Jason Blum and James Wan’s respective companies — Blumhouse and Atomic Monster – saying “I can’t confirm it,” but, “If that should happen, we are going to be in an absolutely impregnable position.”