Chernin, Ex-News Corp Executive, Said to Be a Deal Adviser

Apparently, Peter Chernin, the former president of the News Corporation and one of the most prominent media executives not tethered to a major conglomerate, is advising Comcast in its bid to acquire a majority stake in NBC Universal. He has been acting as a paid consultant for the last several months as Comcast, the nation's largest cable company, has been in negotiations with General Electric to acquire NBC Universal. Chernin has not been a part of meetings with G.E. and its bankers about deal terms, but has been an active participant in internal meetings at Comcast. Executives involved in the negotiations said that Mr. Chernin was not expected to take on a management role if a deal was reached.