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Jeff Shell, CEO of NBCUniversal, steps down after investigation

    NBCUniversal CEO Jeff Shell is leaving the company following an investigation into an improper working relationship, the company’s owner, Comcast, said in a statement Sunday.

    In the statement, Mr Shell said today would be his last day and that he had had “an inappropriate relationship with a woman in the company”.

    “I am truly sorry to have let my colleagues at Comcast and NBCUniversal down, they are the most talented people in the industry and the opportunity to work with them over the past 19 years has been a privilege.”

    Comcast’s succinct statement did not say who would replace Mr. Shell at NBCUniversal, which he has led since 2020.

    In a message to employees on Sunday, Comcast CEO Brian Roberts said Mr. Shell would report to Mike Cavanagh, Comcast’s president, making Mr. Cavanagh would gain effective control of NBCUniversal.

    “We are disappointed to share this news with you,” Mr Roberts wrote. “We built this company on a culture of integrity. Nothing is more important than how we treat each other.”

    This is an evolving story. Check back later for updates.