Comcast plans to spin-off NBCUniversal cable TV networks

Comcast plans to spin-off most of its fading NBCUniversal cable TV networks, including MSNBC and CNBC, into a new publicly traded company, while retaining core entertainment assets for growth in the streaming era.

Comcast Spin-Off of Cable Networks

Comcast is planning to create a new publicly traded company called SpinCo, which will include NBCUniversal's cable television networks and digital assets. The move is driven by the decline of cable TV and the rise of streaming services, impacting stock prices.