Comcast is spinning off most of its cable networks, also including USA, Oxygen, E!, SYFY and the Golf Channel, into a separate company. That recognizes how streaming is considered the future and the ...

Copyright 2024 The Associated Press. All Rights Reserved. The logo for CNBC appears on the CNBC studio on the floor of the New York Stock Exchange, Wednesday, Nov. 20 ...

The company last month told investors it was evaluating hiving off its cable networks into a separate company owned by Comcast’s shareholders. “We think there could be an opportunity to play ...

However, Comcast believes it has found a new growth opportunity. On Wednesday, the company announced that it’s spinning off NBCUniversal’s cable television networks — such as CNBC ...

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 ...

Comcast has formally unveiled plans to spin out most of its linear cable networks (except Bravo) to shareholders into a separate company, a move that President Mike Cavanagh said today puts all of ...

The company is expected to spin off its cable networks into a separate company and would cleave off some of NBCUniversal’s best-known brands, including MSNBC, E!, Syfy, Golf Channel, USA, CNBC ...

During a recent investor call, Comcast president Mike Cavanaugh had hinted at the possibility, mentioning plans to evaluate creating “a new well-capitalized company” for the cable portfolio ...

Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. The split would cleave off some of ...