Comcast plans to spin-off NBCUniversal cable TV networks

SOURCE finance.yahoo.com
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.

Key Points

  • Comcast plans to separate its cable TV networks into a new, publicly traded company
  • The spin-off is expected to take a year to complete
  • Focus on growth opportunities in streaming and other areas
  • Leadership roles within the new company have been announced

Pros

  • Repositioning for growth in the streaming era
  • Retaining core entertainment assets for Peacock streaming service

Cons

  • Potential obstacles to regulatory approval under the incoming Trump administration