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Randy Falco
Randel A. Falco (born December 26, 1953) is an American media executive. Falco was president and CEO of Univision Communications Inc. from June 2011 until retiring in June 2018. Before joining Univision in January 2011 as executive vice president and COO, he served as chairman of the board and CEO of AOL from November 2006 to March 2009. Prior to his tenure at AOL, he spent 31 years at NBC, including serving as the network's president and COO.
Falco began his career at NBC in September 1975. In 31 years with the network, he held several managerial positions in finance, technical operations, and corporate strategic planning. From 1986 to 1991, he served as Vice President of Finance and Administration, NBC Sports. In 1993, Falco was named President of NBC's Broadcast and Network Operations division. He oversaw the facilities and operations of the NBC Television Network worldwide, where he oversaw the design and creation of the Today Show's "Window on the World" studio, MSNBC's state-of-the-art broadcast facilities in Secaucus, N.J., and the digital conversion of the NBC Television Network. He also served as a GE officer.
Falco played a key role in the NBC-Universal merger, leading him to be named President of the NBC Universal Television Network Group in 2004. Following the merger, Falco combined the ad sales operations of NBCU's broadcast and cable units – the first major media company to take that approach. He was named president and chief operating officer of the NBC Universal Television Group in December 2005. Falco was responsible for the group's commercial and operational functions, including affiliate relations and Telemundo.
In February 2000, Falco negotiated the first reverse compensation deal by one of the major broadcast networks. The agreement, “an astonishing reversal of the network compensation policy,” was a 10-year, $362 million deal with Granite Broadcasting that turned KNTV into the NBC affiliate serving San Francisco and San Jose. This approach changed the model so that affiliates would pay the networks for their programming – not the other way around, as had been customary. Falco made the arrangement work for both parties by finding “new revenue streams to be shared by network and stations.”
Beginning with the 1992 Barcelona Olympics, Falco played a key role in NBC's ongoing success with the Olympic Games. He worked alongside NBC Sports Chairman Dick Ebersol to secure exclusive NBC coverage for five consecutive Olympic Games: 2000, 2002, 2004, 2006, 2008. In his book “Olympic Turnaround,” Michael Payne described the NBC deal to secure the Games as a “coup” that left the other networks “speechless.” The NBC deal with the International Olympic Committee signed December 12, 1995 at $2.3 billion for three Games was “the biggest broadcast deal in sports history” at the time.
Falco served as COO for the 2002 Winter Olympics, the 2000 Summer Olympic, the 1996 Summer Olympics, and the 1992 Summer Olympics, winning multiple Emmy Awards for these broadcasts.
After 31 years with NBC, Falco became chairman and chief executive officer of AOL in November 2006. As CEO he set strategy and oversaw operations as the company transitioned to an advertising-focused business model. In this restructuring, Falco made 16 strategic acquisitions, eliminated $2.5 billion in costs and moved AOL's headquarters from Dulles to Manhattan. The restructuring also included a series of three workforce restructures. In 2007, a year into his tenure at AOL, Falco was named the recipient of the Frank Stanton Award, honoring excellent leadership in the media field.
Under Falco, AOL acquired social networking website Bebo for $850 million in 2008, but a few months later global financial markets imploded and Bebo's value dropped.
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Randy Falco
Randel A. Falco (born December 26, 1953) is an American media executive. Falco was president and CEO of Univision Communications Inc. from June 2011 until retiring in June 2018. Before joining Univision in January 2011 as executive vice president and COO, he served as chairman of the board and CEO of AOL from November 2006 to March 2009. Prior to his tenure at AOL, he spent 31 years at NBC, including serving as the network's president and COO.
Falco began his career at NBC in September 1975. In 31 years with the network, he held several managerial positions in finance, technical operations, and corporate strategic planning. From 1986 to 1991, he served as Vice President of Finance and Administration, NBC Sports. In 1993, Falco was named President of NBC's Broadcast and Network Operations division. He oversaw the facilities and operations of the NBC Television Network worldwide, where he oversaw the design and creation of the Today Show's "Window on the World" studio, MSNBC's state-of-the-art broadcast facilities in Secaucus, N.J., and the digital conversion of the NBC Television Network. He also served as a GE officer.
Falco played a key role in the NBC-Universal merger, leading him to be named President of the NBC Universal Television Network Group in 2004. Following the merger, Falco combined the ad sales operations of NBCU's broadcast and cable units – the first major media company to take that approach. He was named president and chief operating officer of the NBC Universal Television Group in December 2005. Falco was responsible for the group's commercial and operational functions, including affiliate relations and Telemundo.
In February 2000, Falco negotiated the first reverse compensation deal by one of the major broadcast networks. The agreement, “an astonishing reversal of the network compensation policy,” was a 10-year, $362 million deal with Granite Broadcasting that turned KNTV into the NBC affiliate serving San Francisco and San Jose. This approach changed the model so that affiliates would pay the networks for their programming – not the other way around, as had been customary. Falco made the arrangement work for both parties by finding “new revenue streams to be shared by network and stations.”
Beginning with the 1992 Barcelona Olympics, Falco played a key role in NBC's ongoing success with the Olympic Games. He worked alongside NBC Sports Chairman Dick Ebersol to secure exclusive NBC coverage for five consecutive Olympic Games: 2000, 2002, 2004, 2006, 2008. In his book “Olympic Turnaround,” Michael Payne described the NBC deal to secure the Games as a “coup” that left the other networks “speechless.” The NBC deal with the International Olympic Committee signed December 12, 1995 at $2.3 billion for three Games was “the biggest broadcast deal in sports history” at the time.
Falco served as COO for the 2002 Winter Olympics, the 2000 Summer Olympic, the 1996 Summer Olympics, and the 1992 Summer Olympics, winning multiple Emmy Awards for these broadcasts.
After 31 years with NBC, Falco became chairman and chief executive officer of AOL in November 2006. As CEO he set strategy and oversaw operations as the company transitioned to an advertising-focused business model. In this restructuring, Falco made 16 strategic acquisitions, eliminated $2.5 billion in costs and moved AOL's headquarters from Dulles to Manhattan. The restructuring also included a series of three workforce restructures. In 2007, a year into his tenure at AOL, Falco was named the recipient of the Frank Stanton Award, honoring excellent leadership in the media field.
Under Falco, AOL acquired social networking website Bebo for $850 million in 2008, but a few months later global financial markets imploded and Bebo's value dropped.