Comcast exec named as head of NBC Universal

By CNN Wire Staff


(CNN) -- Stephen Burke will become the new head of NBC Universal once Comcast assumes control of the media giant, the companies said Sunday.

Burke would succeed Jeff Zucker, president and chief executive officer of NBC Universal, who is expected to continue in his position until the deal closes.

Comcast agreed in December to buy NBC Universal from parent company GE (GE, Fortune 500) for $30 billion.

Zucker announced Friday he would step down, saying then the timing was right and that he would likely not leave for another six months.

"Steve Burke is an experienced, talented and visionary leader with over 25 years in the media and entertainment industry. Steve is one of the most well-respected executives in the industry, and I am confident that he will lead NBCU forward to a new era of growth," Comcast Chairman and Chief Executive Officer Brian Roberts said in a statement announcing Burke's appointment.

Burke is the current chief operating officer of Comcast (CMCSK). To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,328.96 137.59 0.80%
Nasdaq 4,657.88 19.89 0.43%
S&P 500 2,012.51 10.35 0.52%
Treasuries 1.77 0.05 2.67%
Data as of 2:25pm ET
Company Price Change % Change
Yahoo! Inc 43.34 -3.12 -6.71%
Apple Inc 118.13 2.82 2.44%
Bank of America Corp... 15.41 0.21 1.38%
Facebook Inc 76.62 0.38 0.50%
Microsoft Corp 41.68 0.49 1.19%
Data as of 2:13pm ET

Sections

The Wednesday announcement that Don Thompson will retire as CEO of McDonald's leaves just two black CEOs in the elite Dow 30. More

The Wednesday announcement that Don Thompson will retire as CEO of McDonald's leaves just two black CEOs in the elite Dow 30. More

China has new rules for foreign tech firms: become a spy tool and give up your highly-guarded computer source code. More

On demand delivery startup WunWun is expecting its order volume to double by the time they close up shop on Monday. All thanks to a blizzard. More

The IRS said it has carried out thousands of audits of offshore schemes and pursued criminal charges that have resulted in "billions of dollars in criminal fines and restitutions." And it won't stop there. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.