Former peacock in Chief Bob Wright hops into private-equity game
Published: Friday, February 01, 2008
-SDH Bob Wright who some would say was forced into retirement in favor of younger blood at NBC-Universal is about to begin his second act in private equity. Wright will join private-equity veteran Thomas H. Lee to hunt for deals in the media sector. This could very well be Bob Wright's way of getting back into the media business. He is joining Lee Equity Partners as a senior adviser. The firm is said to be eyeing small media properties in broadcasting, but of course there is speculations that they could make a move on NBC Universal if and when GE does decide to look for buyers. If such speculations become reality, it could go down in history as one of the biggest comebacks because Lee Equity Partners would no doubt boot Jeff Zucker faster than he got to the top and re-install Wright at the helm. Oh man the possibilities but all the above is a bit of wishful thinking. NBC Universal if sold could fetch close to $40 billion. This sum may be a bit heavy for Lee Equity Partners.Labels: BobWright, GE, JeffZucker, NBCUniversal |







