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(Trends Wide) — NBCUniversal CEO Jeff Shell will leave the company following an outside investigation “into a complaint of inappropriate conduct,” its parent company Comcast announced Sunday.
Shell will step down with immediate effect following an investigation led by outside counsel.
“Today is my last day as CEO of NBCUniversal. I had an inappropriate relationship with a woman from the company, which I deeply regret,” Shell said in a statement. “I am truly sorry to have let my colleagues down at Comcast and NBCUniversal, they are the most talented people in the business and the opportunity to work with them for the past 19 years has been a privilege.”
The brief statement did not specify who the woman was or include any other details about the investigation. Trends Wide has contacted Comcast and NBCUniversal.
Shell had been named CEO in January 2020 after leading content creation, programming and distribution for NBCUniversal Film and Entertainment.
Shell expressed confidence in NBC’s streaming service Peacock, which surpassed 20 million paying subscribers by the end of 2022 and “nearly tripled” its revenue to $2.1 billion, according to its fourth-quarter earnings report, closed at the end of 2022. Its adjusted losses, however, were higher.
“There’s no question that the entire television landscape is changing,” Shell said in an interview on CNBC’s “Squawk on the Street” last October. “If you have the right content and offer a broad distribution platform, your consumers are going to find you, and that’s what we’re doing with Peacock.”
Comcast will present its first quarter results this Thursday.
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