Comcast's $7B Cable Spinoff Signals Shift to Streaming Era

Comcast plans to spin off most of NBCUniversal's cable networks into a separate publicly traded entity, excluding Bravo, in an effort to boost its stock by shedding declining assets. The move reflects broader industry challenges as traditional cable networks lose subscribers to streaming services. While the spinoff, temporarily named "SpinCo," aims to generate cash and potentially pay dividends, its success remains uncertain. The decision signals a potential shift in the media industry towards consolidation, as companies like Comcast adapt to changing market dynamics.