NBCU’s Falco May Join AOL

Nov 15, 2006  •  Post A Comment

NBC Universal may be in danger of losing its strong, quiet No. 2 man, Television Group President Randy Falco, to AOL.

Spokespersons for NBC Universal and AOL’s parent company Time Warner, declined to comment on a New York Times report Wednesday that Mr. Falco is in talks to become the a top executive at the Internet company. AOL is struggling to redefine itself as an advertising-supported broadband service instead of a subscription-driven Web access provider that is losing customers.

A call to the office of Mr. Falco, who after 31 years with NBC is arguably the network’s most well-regarded and well-liked executive, wasn’t returned.

Mr. Falco, 52, may have decided to look outside NBC Universal after Jeff Zucker in December was elevated over him to be CEO of the television group. The gentlemanly Mr. Falco nursed any bruises quietly and continued to work as a team player with Mr. Zucker and NBC Universal Chairman and CEO Bob Wright, both of whom recently attended Mr. Falco’s son’s wedding with their spouses.

NBCU sources say that Mr. Falco has not been under any pressure to leave and indeed could stay at the company for as long as he wants.

The Times report said it is not known what it would mean for Jonathan Miller, AOL chairman and CEO since 2002.