Posts Tagged ‘Brian Roberts’

Comcast Executive Robert Pick Joins ShopNBC’s Board

May 10, 2013

Comcast Corp. honcho Brian Roberts has a new set of eyes on ShopNBC’s board.

Robert Pick, Comcast’s Senior Vice President of Corporate Development, will fill a vacancy left by the resignation of Catherine Dunleavy, following the expansion of her responsibilities as executive vice president and chief financial officer of Comcast’s NBC Universal Cable Entertainment Group.

Of course, Pick had his canned statement,

“I am delighted to be joining ValueVision’s (i.e. ShopNBC’s) Board of Directors and look forward to working with Randy and the rest of the Board,” he said.

Yada, yada.

No. 1 cable company Comcast, through its ownership of NBC Universal, holds more than 7.1 million ShopNBC shares, representing approximately 14.5 percent of the total stock.

At Comcast, Pick oversees the company’s corporate development and merger and acquisition activities. He joined Comcast in 1989 and has played an integral role in shaping Comcast’s strategic vision and its implementation.

“It gives me great pleasure to welcome Bob to our Board,” ShopNBC Chairman Randy Ronning said in a statement. “He has an impressive background in strategic corporate development coupled with a comprehensive understanding of our multichannel retailing space. We look forward to benefiting from his insights and experience to enhance shareholder value.”

During Pick’s tenure at Comcast, he worked on the newly created NBC Universal joint venture with GE Corp.; the sale of spectrum to and creation of a joint operating entity with Verizon Wireless; the acquisition of AT&T Broadband; the unwinding of Comcast’s stake in Time Warner Cable; acquisitions of the cable assets of Adelphia Communications, Maclean Hunter, EW Scripps and Jones Cable; the start-up of the telecommunications company, Teleport, and the high speed broadband company, @Home (which flopped); the acquisitions of E! Entertainment and the Golf Channel; and the acquisition and sale of QVC and Comcast Cellular.

Prior to Comcast, Pick held various financial positions with Bell Atlantic and spent 10 years with KPMG Peat Marwick.

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Comcast, Past Owner Of QVC, Now Owns 17 Percent Of ShopNBC

February 8, 2011

Comcast, the Philadelphia cable cabal, is back in the home shopping business.

Comcast, which once owned QVC, now holds a roughly 17 percent stake in ShopNBC, as a result of its acquisition of NBC Universal, according to a filing the media giant made Monday with the Securities and Exchange Conmmission.

ValueVision Media, ShopNBC’s corporate name, had 37.7 million shares outstanding as of Jan. 5. NBCU, now part of Comcast, owns 6.4 million, or 17 percent, of those shares. Comcast/NBCU will be getting an additional 1 million shares in May as part of a licensing agreement that permits ShopNBC to continue using “NBC” in its name.

And 10 percent of ShopNBC’s common stock is owned by management.

QVC, once of Comcast CEO Brian Robert’s favorite assets, is now owned by cable cowboy John Malone’s Liberty Media.