SpinCo Appoints Jordan Fasbender as Chief Counsel, Completing Senior Leadership

Portfolio - People | Mar 07, 2025 | EIN

SpinCo Appoints Jordan Fasbender as Chief Counsel, Completing Senior Leadership

Comcast's new stand-alone cable network company, provisionally called 'SpinCo', has finalized its senior management team with the appointment of Jordan Fasbender as chief counsel. Fasbender is a seasoned legal expert with previous roles at iHeartMedia and 21st Century Fox, bringing extensive experience in handling legal, regulatory, and business affairs. This strategic hire supports SpinCo's objective to separate from Comcast and become a publicly traded entity. The initiative, led by prospective CEO Mark Lazarus, whom previously chaired NBCUniversal Media Group, aims for separation by year-end. Crucial components of this transition include SEC rule compliance and legal intricacies. The company, excluding network Bravo from NBCU's portfolio, is cementing its presence with plans for a New York City headquarters. Recent executive appointments, alongside Fasbender, feature Anand Kini as prospective CFO and COO, Kristin Newkirk as CFO, and Val Boreland as entertainment president.

Sectors

  • Media and Entertainment
  • Corporate Finance
  • Legal Services

Geography

  • United States – The primary operations and entities involved, Comcast, SpinCo, and the new headquarters, are based in the United States.

Industry

  • Media and Entertainment – The article focuses on Comcast's efforts to create a stand-alone media company from its cable network portfolio, emphasizing the media sector's role.
  • Corporate Finance – The completion of the management team for the spin-off of SpinCo from Comcast involves strategic corporate finance elements, including compliance and governance.
  • Legal Services – The involvement of a chief counsel such as Jordan Fasbender highlights the significance of legal advisory, compliance, and governance within the spin-off process.

Financials

    Participants

    NameRoleTypeDescription
    ComcastParent CompanyCompanyComcast Corporation, an American telecommunications conglomerate, is the parent company creating SpinCo as a separate entity.
    SpinCoTarget/Spun-off EntityCompanyThe new stand-alone company created from Comcast's cable network portfolio, excluding Bravo, aiming to become a public entity.
    Jordan FasbenderChief CounselPersonA media legal veteran appointed as chief counsel of SpinCo, previously holding prominent legal roles at iHeartMedia and 21st Century Fox.
    Mark LazarusProspective CEOPersonFormer Chairman of NBCUniversal Media Group, leading the SpinCo transition.
    iHeartMediaPrevious EmployerCompanyJordan Fasbender previously served as EVP, Chief Legal Officer and Secretary at iHeartMedia.
    21st Century FoxPrevious EmployerCompanyJordan Fasbender was SVP and Associate General Counsel here and was involved in its acquisition by Disney and the creation of Fox Corp.
    Anand Kini, Kristin Newkirk, and Val BorelandOther Senior ExecutivesPeoplePart of the senior management team with roles as prospective CFO & COO, CFO, and entertainment president respectively.