Comcast today announced plans to spin off NBCUniversal cable TV networks such as USA, CNBC, and MSNBC into a new publicly traded company. Comcast is trying to complete the spinoff in one year, effectively unwinding part of the NBCUniversal acquisition it completed in 2011. The entities in the planned spinoff generated about $7 billion of revenue in the 12 months that ended September 30, 2024, Comcast said.

Topics:  usa   cnbc   msnbc   september   comcast president mike cavanagh   october   comments   nbcuniversal   tv   comcast   spinoff   assets   billion   earnings   revenue   
BING NEWS:
  • Comcast announces intention to spin off NBCUniversal cable networks
    Comcast (CMCSA) announced its intent to create a new publicly traded company comprised of a portfolio of NBCUniversal’s cable television ...
    11/20/2024 - 6:45 am | View Link
  • Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels
    The new venture will house channels like E!, USA and MSNBC, and Comcast also announced several leadership changes.
    11/20/2024 - 4:22 am | View Link
  • Comcast To Spin Off NBCUniversal Cable Channels
    Comcast said Wednesday that it is planning to spin off its NBCUniversal cable TV networks, including channels like MSNBC, CNBC, and E!, carving out a business that has been hurt by cord cutting and ...
    11/20/2024 - 4:06 am | View Link
  • Comcast’s cable networks spinoff raises questions about future of the TV business
    Comcast just jump-started a new season of major change across the television industry. And no one quite knows what will happen next.
    11/20/2024 - 3:15 am | View Link
  • Comcast to announce the spinoff of cable networks, including MSNBC, CNBC and USA, sources say
    The split would cleave off some of NBCUniversal’s best-known brands, which face the same cord-cutting challenges as many other major cable channels.
    11/20/2024 - 2:58 am | View Link
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