NBC News president Andy Lack stepping down

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Can we expect the trash Dem-propaganda network to rehabilitate itself? Uh, no. The good news? the company will be cutting its media and entertainment divisions in an attempt to offset losses due to plummeting ad revenue as a result of the coronavirus pandemic.

NBC News president Andy Lack stepping down amid major restructuring

By Joe Concha, The Hill, May 4, 2020:

NBC News president Andy Lack is stepping down, the network announced in a Monday statement that also outlines restructuring within the media company.

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Lack, 72, will transition out of his role by the end of the month. His departure had been rumored for some time internally, according to sources.

Cesar Conde, the chairman of NBCUniversal’s International Group and Telemundo, will be responsible for overseeing NBC News, MSNBC and CNBC, according to the announcement.

NBC Sports Group chief Mark Lazarus, who also oversees NBC’s local affiliates, will be responsible for the company’s entertainment division.

The moves come just months after Jeff Shell was named CEO of NBCUniversal after serving as chairman of the company’s Film and Entertainment business. He replaced Steve Burke.

“This is the right structure to lead NBCUniversal into the future during this transformational time in the industry,” Shell said in a Monday memo provided to The Hill. “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.”

Last week on a quarterly earnings call, Shell indicated that the company was considering cuts to its media and entertainment divisions in an attempt to offset losses due to plummeting ad revenue as a result of the coronavirus pandemic.

“On costs, the question about whether we’re right-sized on costs given where the environment is headed, the answer is probably no, and we’re addressing that pretty aggressively,” Shell said during Comcast’s earnings call Thursday, according to the Wall Street Journal.

“And certainly over the next weeks and months, we’ll make pretty significant adjustments there across our business,” he added.

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rambler
rambler
3 years ago

Taking the money and running before the s*** hits the fan.

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago
Reply to  rambler

He’ll get his golden parachute, it’s not like he’ll be worried about getting unemployment, which probably wouldn’t even cover his executive lunches at 5 star restaurants.

DemocracyRules
DemocracyRules
3 years ago

Muh: You have now been promoted to head of Religious News [see my comment. “BREAKING: DemocracyRules Makes Cash Offer For NBC” below]

bobbycdot
bobbycdot
3 years ago

who did he fondle?

DemocracyRules
DemocracyRules
3 years ago
Reply to  bobbycdot

Biden

Achmed Mohandjob
Achmed Mohandjob
3 years ago
Reply to  DemocracyRules

You’re really going today … as in the old adage, “Butter him. He’s on a roll.”

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago

LOL.

DemocracyRules
DemocracyRules
3 years ago

BREAKING: DemocracyRules Makes Cash Offer For NBC
– $1 dollar, but I won’t accept any of the debt.
First job is to fire all the staff. And follow them home, and fire their dogs too.
New staff list:
President: Pamela Geller
News coordinator: Achmed Mohandjob
Investigative Reports: Felix1999
International News: diaspora
White House Press: Cheryl Chumley
Health Beat: Ziggy46
Food and Cuisine: Halal Bacon
Background Intelligence: Michael Flynn
Religious News: MuhamMUDTheFakeProphet
Opinion: Conrad Black
Fact Checker: turkeychoker
Digital Media and Systems: LivingEngine
General Reporting: Francis, dingo, ed, thistle, mtman2, eassa, Patti York, Jane_Dowe1366, Mark Steiner, Philip, DutchessVegas, Laddyboy, Dan Knight, deb, gaz thewoodsman, Rick Gouveia, knightsstrength, gfmucci, VTS, joc22, Drew the Infidel, eddy dee

Achmed Mohandjob
Achmed Mohandjob
3 years ago
Reply to  DemocracyRules

” … and fire their dogs too.”
LOVE it!

felix1999
felix1999
3 years ago
Reply to  DemocracyRules

I’d be one of the first sent to the Gulag but I would eventually have the salt of the earth company! All of those and others are wonderful people.

ed
ed
3 years ago
Reply to  DemocracyRules

Here at work at the hospital, at 4:30am, and reading the line “Food and Cuisine: Halal Bacon” made me spit out the coffee I just sipped and laughed so hard I almost cried. GENIUS !!!!!!!!!!!

VTS
VTS
3 years ago
Reply to  DemocracyRules

I would watch every program that I could on such network and DVR the rest.

DemocracyRules
DemocracyRules
3 years ago
Reply to  VTS

VTS: you are now an NBC reporter, as soon as I buy the company. See my comment on this thread.

DemocracyRules
DemocracyRules
3 years ago
Reply to  VTS

Yes, Pamela Geller, as president of NBC would not pull punches, or pussy foot around like a genteel Republican. She’s not like that. She can breathe fire when she must.

Drew the Infidel
Drew the Infidel
3 years ago

NBC = Nothing But Communists

joc22
joc22
3 years ago

NBC will need to go a lot further than this to get back into the red. Nobody is watching the alphabet stations anymore as they all parrot what the MSM statement of the day is saying. Its the same as the networks in Canada are doing, none of them have any morals or original thought.They blindly follow what the propaganda department of the communist/fascist Leiberal/NDPs put out as news, there is no investigative journalism any more

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