Comcast to spin off USA, CNBC, MSNBC, and others, will keep Peacock streaming.

Comcast to spin off USA, CNBC, MSNBC, and others, will keep Peacock streaming.

Comcast believes it has found a solution to the problem of what to do with a passel of big cable assets that are entering a period of ongoing decline. In doing so, however, the cable-and-entertainment giant also raises a significant number of questions. The owner of NBCUniversal said Wednesday that it planned to split the […]

WASHINGTON (AP) Comcast will spin off many of NBCUniversals cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.

Comcast plans to divest the bulk of its once-coveted NBCUniversal cable TV assets, including MSNBC and CNBC, as the rising dominance of streaming platforms relegates legacy media businesses to the cutting room floor. Shares of the company rose about 2 percent in premarket trading, after Comcast said on Wednesday it would separate its entertainment and […]

Comcast’s decision to spin off NBCUniversal cable networks into a new publicly traded entity has drawn applause in some corners of the financial world, but some investors are expressing skepticism. Shares in Comcast, which are slightly in the red for the year to date, traded down a fraction to around $42.20 in early trading Wednesday. […]

Media giant Comcast officially announced on Wednesday that it is spinning off some of its most well-known cable-oriented outlets from NBCUniversal.

Comcast is also moving Matt Strauss into a new role at NBCU overseeing sports, advertising and platforms.

Matt Strauss and Donna Langley have been named to top roles at the new NBCUniversal, a move that pairs a business executive well-versed in the world of streaming with a creative chief who has helped build and develop critical cinema franchises to help chart a new course for the venerable entertainment brand. Strauss, who will […]

Comcast will spin off many of NBCUniversals cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.The shift, which comes as more and more people opt for streaming services over traditional cable, was telegraphed by the company when it released its most recent earnings last month.Mark Lazarus, current chairman of NBCUniversal Media...

Comcast has formally unveiled plans to spin out most of its linear cable networks (except Bravo) to shareholders in a separate company, a move that President Mike Cavanagh said puts all of NBCUniversal on a new growth trajectory. Deadline reported many of the details yesterday including leadership of the new entity (initially called SpinCo) by […]

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 — excluding Bravo — into a new entity owned by Comcast shareholders. The thinking is the new company will be positioned to acquire other media and […]

Media giant Comcast is expected to announce Wednesday that it is spinning off many of its cable channel assets out of NBCUniversal, leaving it with more profitable NBC News and a handful of other outlets.

Comcast would retain NBCUniversal's NBC broadcast television network, its film and television studios and its theme parks, as well as its Peacock streaming service.

Comcast, one of the largest media conglomerates in the country, is planning to spin off its cable assets as part of a major shake-up of the company's business, according to multiple reports. The plan, which is expected to take as long as a year, would split off the company's NBCUniversal networks including MSNBC, CNBC, USA,...

Putting Donna Langley firmly in the corporate drivers seat, Comcast boss Brian Roberts has decided its time for NBCUniversal to shed some cable channel weight. Tomorrow, Comcast is set to reveal its long term plan to split off cable channels MSNBC, CNBC, E!, Syfy, Golf Chanel and USA into a new and separate company. The […]

MSNBC, CNBC, Syfy, E!, Oxygen, Golf Channel and USA Network will move to a spinoff company while Bravo will stay with NBCUniversal.