Angelakis To Leave Providence

Michael Angelakis is stepping down as a managing director of Providence Equity Partners, in order to become Co-CFO of Comcast Corp. (Nasdaq: CMCSA). He will replace the retiring Lawrence Smith, and will take over as sole CFO in 2008, once fellow Co-CFO John Alchin retires. Providence recently began raising its sixth fund with a $10 billion target capitalization. Angelakis currently is a director with Providence portfolio companies Bresnan Communications, MGM and Northland Cable Networks.