Comcast, the parent company of NBCUniversal, has announced a significant restructuring. It plans to spin off most of its cable […]The post After Trump Victory, Comcast Restructuring May Force MSNBC To Change Name, Reduce Outlet ...

Comcast’s decision to spin off most of its cable networks has split NBCUniversal’s linear networks into two groups, with NBC and Bravo (as well as Spanish-language broadcaster Telemundo) staying within Comcast alongside streamer Peacock and the TV studios, and the rest, including USA Network, Syfy, E! and Oxygen as well as MSNBC, CNBC and the […]

After a few bumpy outings due to Covid and less-than-optimal host cities, the Olympics flourished last summer in Paris, with viewership gains and advertising records. With more happy returns expected from the 2026 Winter Games in Italy and the 2028 Summer Games in Los Angeles, NBCUniversal may need to develop some new muscles in order […]

UPDATED with closing price. Comcast’s decision to spin off NBCUniversal cable networks into a new publicly traded entity has drawn applause in some parts of the business world, but skeptics are also making their voices heard. Shares in Comcast, which are slightly in the red for the year to date, stayed mostly flat Wednesday but […]

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 […]