Has NBCU's Jeff Zucker Arranged A $30 Million Exit Deal? Apparently Not.

Categories: Broadcast TV

Written By

June 3rd, 2010

The NY Post is reporting:

General Electric has finalized details of Jeff Zucker's exit deal from NBC Universal, according to sources familiar with the situation.

Zucker will leave "a couple of months" after Comcast Corp. closes its agreement to acquire a 51 percent stake in the media giant from its current owners General Electric and Vivendi -- with an exit package of roughly $30 million to $40 million, under the proposed exit deal, those sources said.

lots more at the NY Post

TheWrap refutes the NY Post story, and more (hat tip to commenter Holly):

For the record: both NBC Universal and General Electric are calling the report of a $30 million exit package false. “There is no exit package,” said Allison Gollust, a spokeswoman for NBCU. “The report is completely false.”

Here’s why: if Zucker actually had an “exit package” – a negotiated settlement for him to leave the company -- it would be for a lot more money than $30 million, which just represents the size of his new contract, renewed last year through 2013.

Rumors are he's preparing for a political run.

Feel free to share your favorite Jeff Zucker memories in the comments. ;)

 
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