Comcast Plans Split of NBCUniversal and Sky From Core Tech Arm

Comcast will spin off its media business, NBCUniversal and Sky, from its broadband/tech operations into two public companies in a tax-free deal expected to close in about a year. NBCUniversal will include Sky, Universal, NBC, Telemundo, Peacock and Bravo, while the remaining arm focuses on customer experiences on a converged network. Comcast may retain up to 19.9% stake for about a year; leadership will shift, with Mike Cavanagh to run NBCUniversal, Angelakis to become Comcast CEO after the split, and Brian Roberts remaining actively involved across the companies.