NBCUniversal Shakes Up Its Executive Ranks B&C
NBCUniversal has made what's being reported as a management restructuring, shifting a number of executives in its cable division into new positions. NBCUniversal Cable Group Entertainment Chairman Bonnie Hammer announced the moves today in an internal memo, B&C reports.
Bravo Media President Frances Berwick adds oversight of Oxygen, replacing Jason Klarman. Klarman, who has been president of Oxygen since 2010, is exiting the company. A spokesperson for NBCUniversal confirmed the moves, B&C reports.
"Jeff Wachtel, who had been co-president of USA Network, will assume the new role of president and chief content officer, NBCU Cable Entertainment, where he will work with the presidents and development teams at each network," the B&C report adds.
In the memo, Hammer said: "Jeff's development track record at USA is the envy of the TV business, so it makes sense to maximize his original programming expertise and business savvy by extending his purview across the entire portfolio."
B&C adds: "Wachtel will also take oversight of Universal Cable Productions and Wilshire Studios, working with Steve Dolmaschio, who will become chief operating officer of both. Chris McCumber will become sole president of the No. 1 cable network after being co-president since 2011."
Hammer took control of the NBCU cable holdings in February, the report notes, with her oversight including Bravo, Oxygen and Style. Berwick, Wachtel and McCumber will continue to report to her.
"With the news Monday that Style would rebrand as Esquire Network on Sept. 23, Style Media president Salaam Coleman Smith will assist with the transition while the company looks for another placement for her, with Hammer saying the executive 'will play an integral role ... at NBCUniversal in the future,'" the piece reports.