Published On Oct 31, 2024, 10:39 AM
Comcast is considering spinning off its cable networks, which include channels like Syfy and Bravo, into a separate company. This move comes in response to a decline in cable TV subscriptions and aims to restructure its business amidst challenges faced by traditional media. Despite a slight decrease in net income, Comcast's revenue increased, and its share price rose nearly 3% after the announcement.
The potential spin-off of Comcast's cable networks may allow the new entity to operate independently, possibly attracting investment as it could focus on revitalizing its cable offerings. However, the overall trend of declining cable subscriptions poses a risk for both Comcast and the new company.
Oct 31, 2024, 10:39 AM
The company’s president, Mike Cavanagh, said the company was also considering finding a partner for its Peacock streaming service.
Oct 17, 2024, 10:16 AM
Initial ticket packages for the new area of Universal Orlando Resort, the first new Florida theme park in a generation, will cost as much as $521.
Sep 26, 2024, 1:35 PM
The morning show host announced that she’s stepping down after more than 25 years at NBC filled with laughter, tears and the occasional glass of wine.