Michael Chen Tapped to Lead NBC News Business Development, Lisa Gersh Leaving NBC

Alex Weprin — Tue, 04 Jan 2011 16:35:10 +0000

NBC News has named Michael Chen president of its strategic initiatives group. In his new role, Chen will be tasked with overseeing a number of business development initiatives for NBC News, including Education Nation, NBC learn and many of the company’s digital investments.

Chen comes to NBC News from NBC U parent company General Electric, where he served as president and CEO of GE Capital’s media, communications and entertainment business, and was also co-chair of the Peacock Equity Fund.

He is replacing Lisa Gersh, who had been in charge of the unit since Septeber, 2009, and is leaving the company.

More information after the jump.

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Lisa Gersh Heads to NBC News Front Office

Chris Ariens — Wed, 23 Sep 2009 13:03:07 +0000

Lisa Gersh, a one-time president and COO of Oxygen, facilitating its sale to NBCU in 2007, and who was later instrumental in NBCU’s acquisition of the The Weather Channel, is joining NBC News managing the division’s business development.

In a memo to his staff, obtained by TVNewser, NBC News president Steve Capus writes, “In this new position, Lisa will continue the efforts to expand the reach and growth of NBC News worldwide, overseeing our business development organization and partnerships including The Weather Channel.”

Currently Gersh is NBCU’s President of Strategic Initiatives and Managing Director of The Weather Channel. Capus says she’ll “focus on identifying and coordinating new strategic growth opportunities for NBC News.” Gersh reports to Capus.

The press release, after the jump…

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Lisa Gersh - TVNewser

Michael Chen Tapped to Lead NBC News Business Development, Lisa Gersh Leaving NBC

Lisa Gersh Heads to NBC News Front Office