Comcast plans to spin off its cable networks, including MSNBC and CNBC, into a separate company.
Comcast is planning to spin off its cable networks, including MSNBC, CNBC, E!, Syfy, Golf Channel, and Oxygen, into a separate company. The process is expected to take about a year, with an announcement possibly coming as early as Wednesday. Bravo will remain with Comcast due to its significant presence on the Peacock streaming service. The move aims to address the challenges posed by the declining pay-TV industry as more consumers switch to streaming services.
November 20, 2024
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