By Kevin McCauley
Paula Madison, 58, is stepping down as NBCUniversal's chief diversity office at the conclusion of the first Comcast/NBCU joint diversity advisory council meeting slated for May 20 in Philadelphia.
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She is exiting to manage her family's financial holdings in the Los Angeles Sparks basketball team and the Africa Channel, according to a report in the Los Angeles Times.
Former NBCU CEO Jeff Zucker created the diversity spot in 2007 and selected Madison, a former general manager of KNBC, to fill the spot. The issue of diversity was among concerns of those opposed to the merger of Comcast and NBCU. Comcast agreed to create 10 new minority-owned channels to help win federal approval of the deal.
NBCU chief Steve Burke plans to name a replacement for Madison in the next several weeks. Like Madison, that executive will report to Burke.
Madison began her career as a newspaper reporter in New York. Her family's investment unit, Williams Group Holdings, is to launch Madison Media Productions to bankroll multicultural media ventures.
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