Comcast to Spin Off Cable Channels into New Company
TL;DR Summary
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.
- Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company CNN
- Exclusive | Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels The Wall Street Journal
- Comcast to announce spinoff of cable networks including MSNBC and USA, sources say NBC News
- 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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