Comcast to Spin Off Cable Networks Including MSNBC and CNBC
TL;DR
Comcast plans to spin off its cable networks, including MSNBC, CNBC, and USA, into a separate company, as it adapts to the shift from traditional pay TV to streaming. The new entity will be owned by Comcast shareholders and led by Mark Lazarus. NBC and Peacock will remain with Comcast, which is focusing on growing its streaming service. The spinoff is expected to take about a year, with Comcast's CEO Brian Roberts having a voting position in the new company.
- Comcast to announce spinoff of cable networks including MSNBC and USA, sources say NBC News
- Exclusive | Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels The Wall Street Journal
- Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company CNN
- Comcast To Spin Off Cable Channels Under Mark Lazarus, NBC & Bravo Stay Put Deadline
- Comcast will announce the spinoff of cable networks Wednesday, sources say CNBC
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