Share Name Share Symbol Market Type
Comcast Corporation NASDAQ:CMCSA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.17 -5.91% 34.57 34.00 34.98 35.79 34.41 35.59 27,910,972 04:00:01

NBCUniversal CEO Jeff Shell Tests Positive for Coronavirus

26/03/2020 4:40pm

Dow Jones News


Comcast (NASDAQ:CMCSA)
Intraday Stock Chart

Today : Saturday 28 March 2020

Click Here for more Comcast Charts.

By Joe Flint

 

NBCUniversal Chief Executive Jeff Shell said he has tested positive for the Covid-19 virus and is recovering at home.

In a Thursday memo to NBCUniversal staff, Mr. Shell wrote, "although the virus has been tough to cope with, I have managed to work remotely in LA and am improving every day."

Mr. Shell, who succeeded Steve Burke as chief executive of the Comcast Corp. unit earlier this year, is the most senior media executive known to have tested positive for the coronavirus.

NBC News last week lost a longtime staffer to the virus. Audio technician Larry Edgeworth died from complications related to the coronavirus last Friday, the network said.

Like other media companies, Comcast Corp. and NBCUniversal have been hit hard by the virus. NBC and its cable channels are the television home for the Olympics in the U.S. and the summer games have been postponed from this July to next year.

With movie theaters closed, NBCU's Universal Pictures' has had to delay the latest installment of its "Fast and Furious" franchise to next year. Another movie, the animated film "Trolls World Tour" will be released directly to video-on-demand starting April 10, bypassing a theatrical run.

NBCU also closed its theme parks and shut down its TV and movie productions.

In his memo, Mr. Shell said, "we recognize that a sudden halt to production creates a significant financial hardship for many. To that end, we have committed over $150 million across our film, television and parks businesses to help our employees and other workers, and to at least partially bridge the period before normal operations can restart."

 

Write to Joe Flint at Joe.Flint@WSJ.com

 

(END) Dow Jones Newswires

March 26, 2020 12:25 ET (16:25 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

1 Year Comcast Chart

1 Year Comcast Chart

1 Month Comcast Chart

1 Month Comcast Chart
ADVFN Advertorial
Your Recent History
NASDAQ
CMCSA
Comcast
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200328 10:07:54