Comcast charts a two-company future with NBCUniversal and Sky spin-offs

Comcast plans to split into two publicly traded companies by spinning off NBCUniversal and Sky, following a previous move to separate cable networks; the two new entities will be NBCUniversal (with parks, studios, networks and Peacock) and Sky, while Comcast continues as a connectivity provider. After the split, shareholders will own shares in both companies, with the separation expected to close in about a year and subject to approvals. Mike Cavanagh will lead NBCUniversal, Michael Angelakis will lead Comcast post-separation, and Brian Roberts remains actively involved in both organizations.