Former NBCUniversal chief Jeff Shell in talks to join private equity firm RedBird

Published 11/27/2023, 04:13 PM
Updated 11/27/2023, 04:15 PM
© Reuters. Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022.    REUTERS/Eric Gaillard
CMCSA
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NEW YORK (Reuters) - Former NBCUniversal Chief Executive Jeff Shell (LON:SHEL) is in talks to join private equity firm RedBird Capital Partners, among others, he confirmed to Reuters on Monday.

Shell left Comcast-owned NBC in April after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation, Comcast (NASDAQ:CMCSA) said at the time.

© Reuters. Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022.    REUTERS/Eric Gaillard

At a time when rival studios were investing heavily in streaming in a race to add subscribers, Shell adopted a more conservative approach while at the helm of NBC.

The Wall Street Journal first reported Shell’s talks with RedBird.

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