Comcast to Spin Off Cable Channels Amid Streaming Shift

Comcast plans to spin off its NBCUniversal cable networks, including MSNBC and CNBC, into a separate company owned by its shareholders, as streaming services continue to impact traditional cable TV. The new entity would be well-capitalized and positioned to acquire other networks if the industry consolidates. Comcast will retain its NBC broadcast network, film and TV studios, theme parks, and Peacock streaming service. This move follows similar industry trends, with companies like Warner Bros Discovery and Paramount Global also reassessing their television assets.