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NBCUniversal CEO Steve Burke Extends Contract Through August 2020

Exec also receives new stock option valued at $10 million, to be vested by 2023

NBCUniversal CEO Steve Burke has extended his contract through August of 2020, according to regulatory findings.

Burke’s contract was set to expire in 2018.

As the chief executive officer of NBCU, he oversees the company’s news, sports and entertainment networks, motion picture company, television production operations, television stations group, and theme parks.

He assumed this role in January 2011, when Comcast took a controlling interest in NBCU from General Electric.

He previously served as chief operating officer of Comcast Corporation. He joined Comcast in 1998 as president of Comcast Cable. Prior to Comcast, he was The Walt Disney Company’s president of ABC Broadcasting.

Burke’s contract extension comes a week after NBCU Vice Chairman Ron Meyer extened his own contract, through 2021.