Jeff Shell

Shell is a graduate of the University of California, Berkeley, where he studied economics and applied mathematics, and Harvard Business School, where he received an MBA.{{cite news |last=James |first=Meg |title=Jeff Shell to become chief executive of NBCUniversal in January |url=https://www.latimes.com/entertainment-arts/business/story/2019-12-16/jeff-shell-chief-executive-nbcuniversal-steve-burke-retires |access-date=April 23, 2023 |work=Los Angeles Times |date=December 16, 2019 |archive-url=https://web.archive.org/web/20191216235157/https://www.latimes.com/entertainment-arts/business/story/2019-12-16/jeff-shell-chief-executive-nbcuniversal-steve-burke-retires|archive-date=December 16, 2019}} He began his career at Salomon Brothers.

In 2001, Shell was president of FOX Cable Network Group before joining Comcast in 2004, where he was president of Comcast Programming Group. In 2019, it was announced that he would succeed Steve Burke as CEO of NBCUniversal.{{Cite magazine|first1= Matt |last1=Donnelly |first2=Elaine |last2=Low |first3= Joe |last3=Otterson |title= Jeff Shell: Who Is the NBCUniversal Heir Apparent? |magazine=Variety|date=December 13, 2019 |url= https://variety.com/2019/tv/news/jeff-shell-nbcuniversal-ceo-comcast-1203436011/}} Shell assumed the role on January 1, 2020, and reported directly to Comcast CEO Brian L. Roberts.{{Cite web|first=Dade |last=Hayes |title=NBCUniversal Anoints Jeff Shell As CEO, Setting New Year's Day Start To Tenure |website=Deadline Hollywood|date=December 16, 2013 |url=https://deadline.com/2019/12/nbcuniversal-anoints-jeff-shell-as-ceo-setting-new-years-day-start-to-tenure-1202810076/ |quote=Burke, 61, has not indicated what his next move may be.}}

In April 2008, Shell signed an open letter endorsing Barack Obama for the Pennsylvania primary.{{Cite news|first=Ami |last= Eden|title=Pa. Jews for Obama|newspaper=Jewish Telegraphic Agency|date=April 1, 2008 |url=https://www.jta.org/2008/04/01/culture/pa-jews-for-obama}} He was named by President Barack Obama as chairman of the Broadcasting Board of Governors replacing Sony Pictures executive Michael Lynton.{{Cite web|first= Kim|last=Masters |title=NBCU Executive Jeff Shell Buys Beverly Hills Home, Spurs Talk of New L.A. Job (Exclusive) |website=The Hollywood Reporter|date=July 31, 2013 |url=https://www.hollywoodreporter.com/news/nbcu-executive-jeff-shell-buys-595764}}

In May 2020, The New York Times reported that Shell was considering replacing CNBC's current primetime offerings of business reality shows with right-wing talk shows, in a bid to appeal to conservative viewers.{{Cite news|last=Smith|first=Ben|date=May 31, 2020|title=Record Ratings and Record Chaos on Cable News|language=en-US|work=The New York Times|url=https://www.nytimes.com/2020/05/31/business/media/cable-news-fox-msnbc-cnn.html|access-date=June 1, 2020}}

On April 23, 2023, Shell was fired from NBCUniversal after an investigation into sexual harassment, which began when a female employee filed a complaint against him.{{cite news|url = https://www.reuters.com/business/media-telecom/comcast-says-nbcu-head-shell-fired-sexual-harassment-2023-04-24/|title = Comcast says NBCU head Shell fired for sexual harassment|last = Richwine|first = Lisa|date = April 24, 2023|access-date = April 24, 2023|work = Reuters}} Shell had an extramarital affair with the employee from 2012 to 2021, who was subsequently identified as CNBC reporter Hadley Gamble.{{cite news|url = https://variety.com/2023/tv/features/nbcuniversal-ceo-jeff-shell-firing-reasons-affair-putin-1235594094/|title = Shell Shocked: How a Sex Scandal, Big Egos and Putin Led to Jeff Shell's Sudden, No Payout Exit From NBCU|last = Siegel|first = Tatiana|work = Variety|date = April 26, 2023|access-date = April 26, 2023}} Variety reported that the law firm Gibson Dunn was hired to conduct the investigation, and corroborated the complaint after reviewing records of Shell and Gamble's email communications. Shell was then dismissed with cause, and did not receive any severance pay.

On July 7, 2024, Paramount's board approved the deal to merge with Skydance.{{Cite news |last1=Mullin |first1=Benjamin |last2=Hirsch |first2=Lauren |date=July 7, 2024 |title=Paramount Agrees to Merge With Skydance |url=https://www.nytimes.com/2024/07/07/business/media/paramount-skydance-merger-deal.html |access-date=July 8, 2024 |work=The New York Times |language=en-US}} The deal will close in two phases: first, a group of investors from Skydance will pay $2.4 billion in cash to purchase National Amusements, the parent company of Paramount Global; second, Paramount Global will pay its Class A and Class B stockholders $4.5 billion in cash and shares. In addition, Paramount will add $1.5 billion in primary capital to its balance sheet. The second phase will see an all-stock merger between Skydance Media and Paramount, valued at $4.75 billion. Equity holders in Skydance will get 317 million Class B shares, with a market value of $15 per share. Paramount Global would have 45 days to look for better or matching offers from other bidders before finalizing.{{Cite news |last=Mullin |first=Benjamin |date=July 7, 2024 |title=Meet David Ellison, Paramount's Future Boss and Hollywood's Newest Mogul |url=https://www.nytimes.com/2024/07/07/business/media/david-ellison-paramount-skydance.html |access-date=July 9, 2024 |work=The New York Times |language=en-US}}{{Cite web |last1=Picchi |first1=Aimee |last2=Sherter |first2=Alain |url=https://www.cbsnews.com/news/paramount-global-skydance-media-merger/ |title=Paramount Global to merge with Skydance Media |date=July 8, 2024 |website=CBS News |access-date=July 9, 2024}} If Paramount were to find a better offer, Skydance would be entitled to a $400 million breakup fee payout from the company.{{Cite web |last=Spangler |first=Todd |url=https://variety.com/2024/tv/news/paramount-skydance-400-million-breakup-fee-better-offer-1236062266/ |title=Paramount Global Will Pay Skydance $400 Million Breakup Fee if It Lands a Better Offer |date=July 8, 2024 |website=Variety |access-date=July 8, 2024}} David Ellison would become chairman and CEO of the combined company with Shell as president.{{Cite web |last1=Sherman |first1=Alex |last2=Rizzo |first2=Lillian |date=October 11, 2024 |title=Jeff Shell is about to lead Paramount. He may have runway to make bold changes he couldn't at NBC |url=https://www.cnbc.com/2024/10/11/jeff-shell-paramount-president-nbc-tenure.html |access-date=October 17, 2024 |website=CNBC |language=en}}

According to Paramount Global, the merger will inject significant capital into Paramount, helping to address its debt and enabling investments in new content and technologies.{{Cite web |date=July 8, 2024 |title=Paramount agrees to merge with Skydance |url=https://www.nbcnews.com/news/us-news/paramount-skydance-merger-deal-ends-redstone-era-rcna160648 |access-date=July 9, 2024 |website=NBC News |language=en}} It will support Paramount Global's expansion into other entertainment industries, such as animation, sports and video games, where it currently has less presence. Ellison's vision is for the new company "to be both a media and technology enterprise".{{Cite web |date=July 9, 2024 |title=Skydance CEO Ellison says new Paramount will become a tech-media hybrid |url=https://finance.yahoo.com/news/skydances-david-ellison-describes-paramounts-204819827.html |access-date=July 9, 2024 |website=Yahoo Finance |language=en-US}} Skydance will benefit from greater resources and infrastructure, allowing it to produce more large-scale content. Additionally, Skydance will gain from Paramount's brands, intellectual property, and distribution network.{{Cite web |date=July 8, 2024 |title=Paramount Global and Skydance Media Merge: A New Era in Hollywood |author=Shikha |website=vcsi.org |url=https://vcsi.org/paramount-global-skydance-media-merger/ |access-date=July 9, 2024 |language=en-US}}

Apparently, Shell held a meeting in October 2024 while presidential candidate Donald Trump was making claims that the CBS news program 60 Minutes had "deceptively edited" an interview with presidential candidate Kamala Harris to benefit his Democratic challenger.

Shell allegedly pressured the CBS News brass to release the 60 Minutes transcript ahead of his company's merger with the network's parent Paramount Global, but CBS News president Wendy McMahon and executive producer Bill Owens pushed back, persuading Shell that folding under political pressure would be a bad move.

The case is currently before a mediator, who is facilitating discussions between both sides about a possible settlement. Staffers at the network have voiced their concerns over the matter, citing journalistic integrity, and Federal Communications Commission chief Brendan Carr has opened a probe into the Harris edit and opened it up for public comment.{{Cite web |last=Steigrad |first=Alexandra |date=March 4, 2025 |title=Skydance exec Jeff Shell pressed CBS News to release '60 Minutes' Kamala Harris transcript ahead of Paramount merger: report |url=https://nypost.com/2025/03/04/media/skydance-exec-jeff-shell-pressed-cbs-news-to-release-60-minutes-kamala-harris-transcript-ahead-of-paramount-merger-report/ |website=New York Post|access-date=March 7, 2025 |language=en-US}}

Shell is married to Laura Fay Shell, who worked for Los Angeles County Supervisor Zev Yaroslavsky as his planning deputy until 2005. His sister is Dana Shell Smith,{{Cite news|first=Ryan |last=Torok |title=Moving and shaking: AFMDA Humanitarian Award, Tour de Summer Camps and more|quote=AJC, an advocacy organization focusing on Israel and domestic issues, awarded Jeff Shell, Universal Filmed Entertainment Group chairman, the Dorothy and Sherrill C. Corwin Human Relations Award — the highest honor AJC bestows upon members of the entertainment industry. |newspaper=Jewish Journal|date=October 29, 2015 |url=https://jewishjournal.com/tag/dina-and-fred-leeds/}} and his brother is Dan Shell of IMG College.{{cite news|title=The Shell brothers on TV viewing habits and the rise of soccer and esports|url=https://www.bizjournals.com/losangeles/news/2016/11/01/dan-shell-and-jeff-shell-on-tv-viewing-habits.html|date=November 1, 2016|website=LA Business Journal}}

In 2015, he was awarded the Dorothy and Sherrill C. Corwin Human Relations Award by the American Jewish Committee. Shell is a 2010 inductee into the Southern California Jewish Sports Hall of Fame.{{Cite web|title=Jeff Shell |website=Southern California Jewish Sports Hall of Fame|date=2010 |url=https://scjewishsportshof.com/shell.html}}

In January 2019, Shell, along with Cindy Crawford, her husband Rande Gerber, Michael Meldman, and Jay Sures, announced they would purchase the Beverly Hills deli, Nate 'n Al, to keep its doors open after three generations of family ownership.{{Cite web|last=Kiefer |first=Peter |url=https://www.hollywoodreporter.com/news/irving-azoff-hollywood-a-listers-team-save-legendary-deli-nate-n-al-1175624|title=Irving Azoff, Hollywood A-Listers Team to Save Legendary Deli Nate 'n Al|website=The Hollywood Reporter|language=en|date=January 11, 2019}}{{Cite web|url=https://variety.com/2019/scene/news/nate-n-al-deli-beverly-hills-saved-hollywood-1203106304/|title=Hollywood Power Players Assemble to Save Iconic Deli Nate 'n Al|last=Donnelly|first=Matt|date=January 13, 2019|website=Variety|language=en|access-date=January 30, 2019}}

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Category:1965 births

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