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Comcast to Spin Off Cable Channels into New Company

1 min read
Source: CNN
Comcast to Spin Off Cable Channels into New Company
Photo: CNN
TL;DR

Comcast plans to spin off several of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company. This new entity will be led by NBCUniversal Media Group chairman Mark Lazarus as CEO. While the move is seen as a response to the declining value of cable channels in the streaming era, Comcast views it as a growth opportunity. The spinoff will separate MSNBC and CNBC from NBC News, and analysts predict it could lead to further media industry consolidation.

Topics:top-newsbusiness#business#cable-channels#comcast#media-industry#nbcuniversal#spinoff
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  1. Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company  CNN
  2. Exclusive | Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels  The Wall Street Journal
  3. Comcast to announce spinoff of cable networks including MSNBC and USA, sources say  NBC News
  4. Comcast To Spin Off Cable Channels Under Mark Lazarus, NBC & Bravo Stay Put  Deadline
  5. Comcast will announce the spinoff of cable networks Wednesday, sources say  CNBC

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