Comcast’s SpinCo Cable Business Takes Shape

Comcast’s SpinCo cable division is starting to take form under the leadership of new CEO Mark Lazarus and CFO Anand Kini.

Senior Leadership Team Announced

On Thursday, Comcast revealed the senior leadership team for the new entity, featuring experienced professionals from NBCUniversal.

Key Executive Appointments

Val Boreland, currently the executive VP and head of content acquisitions for TV and streaming at NBCUniversal, will serve as president of entertainment for the new venture.

Keith Cocozza, who oversees communications for CNBC, will take on the role of chief communications officer, while Brian Dorfler, head of human resources for NBCU Media Group, will lead HR for SpinCo.

Jeff Mayzurk, who manages operations and technology for the NBCUniversal News Group, will become president of operations and technology, and Kristin Newkirk, currently CFO of NBCU’s local media group, will assume the role of CFO for TV networks.

David Pietrycha will serve as chief revenue and business officer, overseeing business development, ad sales, distribution, and data & research. He is currently the chief business officer of the NBCU Media Group. Greg Wright will take on the role of chief accounting officer and controller. Additional executive hires are anticipated in the coming weeks.

Timeline for Leadership Transition

Comcast has stated that the new leadership team will begin their roles in April, with the spinoff still expected to occur this year.

Details of the Spinoff

The spinoff was announced in November, with veteran executive Lazarus set to lead the public company. SpinCo will encompass cable channels such as USA, CNBC, MSNBC, Syfy, E!, and Golf Channel, along with digital platforms like Fandango and Rotten Tomatoes.

Strategic Positioning

A source within the company indicated that SpinCo is positioned as an eager buyer, aiming to rapidly scale in the TV and streaming sectors.

Leadership Vision

“As we embark on this journey to build a one-of-a-kind company, I am thrilled to be joined by such a talented group of leaders with the experience and expertise needed to make SpinCo a leading multimedia company from day one,” stated Lazarus. “Together, we will leverage our iconic media assets, outline a growth strategy, and continue to attract top talent as we build momentum toward the completion of the spin-off.”

“This team was carefully selected for their expertise in their respective areas,” Kini added. “I am confident that under Mark’s leadership, we will design and construct a modern media company with the scale to compete and the right strategy to unlock both organic and external growth opportunities.”

Person: Mark Lazarus, Anand Kini, Val Boreland, Keith Cocozza, Brian Dorfler, Jeff Mayzurk, Kristin Newkirk, David Pietrycha, Greg Wright

Company Names: Comcast, NBCUniversal, SpinCo, CNBC, USA, MSNBC, Syfy, E!, Golf Channel, Fandango, Rotten Tomatoes

Titles: None

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