Comcast to spin off NBCUniversal TV networks

Published On Nov 19, 2024, 10:33 PM

Comcast is planning to spin off its NBCUniversal cable television arm, which includes networks like MSNBC, CNBC, USA, E!, Syfy, and the Golf Channel. This move comes as the media industry faces challenges from streaming services. Comcast expects that after the spinoff, the remaining entity, which will keep NBC broadcast and its other assets, will be better positioned for growth. The cable networks remain profitable, generating $7 billion in revenues recently, although Comcast's decision reflects ongoing trends of viewer migration to streaming platforms.