Comcast Announces Spin-Off of Most Cable Networks Into New Company to ‘Set These Businesses Up for Future Growth,’ CEO Brian Roberts Says
Comcast is officially cutting the cord on most of its cable networks. The company announced a plan Wednesday that will offload the bulk of NBCUniversal’s financially challenged cable portfolio — excluding Bravo — into a new entity owned by Comcast shareholders.
Elon Musk, Donald Trump Jr., and Joe Rogan have joked about the idea of buying MSNBC after Comcast's spinoff announcement.
With streaming ads poised for rapid expansion, the move will hasten advertisers’ exodus away from cable almost altogether.
On Wednesday, Comcast announced the birth of a new independent company currently called “SpinCo,” which will be a “tax free ...
4don MSN
Whatever they end up being called, CNBC and MSNBC, plus existing carriage deals in place for the entertainment assets, should ...
An insider tells TheWrap that MSNBC and CNBC throw off $1 billion in profit, leaving dry powder for the new company to invest ...
US media giant to retain sports division under NBC umbrella, but the Golf Channel is to be moved into ‘SpinCo’.
Comcast’s corporate reorganization means that there will ... is becoming CEO of the newly-formed company of cable networks, ...
The newly formed company will oversee networks like CNBC and digital platforms like Rotten Tomatoes, signaling Comcast’s ...
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