Similar Stories to Comcast Is Getting Rid Of Most Of Its Cable Channels on Bing News

Mike Blake/File PhotoComcast plans to spin off some NBCUniversal cable channels.The planned spinoff includes MSNBC, CNBC, E!, and Oxygen, among others.NBC, Bravo, and the streaming service Peacock would not be spun off under the plan.Comcast is planning to break off some of its cable television channels.The plan to spin off some NBCUniversal channels includes MSNBC, CNBC, USA, Oxygen, E!, Syfy, and the Golf Channel, while NBC, Bravo, and the streaming service Peacock would remain under NBCUniversal, a source close to the plans told Business Insider.The assets that are part of the planned spinoff generated $7 billion in revenue during the year that ended in September, according to The Wall Street Journal, which first reported that the spinoff was going ahead.Comcast believed the spinoff, which would take about a year, would enable growth in NBCUniversal's remaining assets, The Journal reported.The outlet also said the new entity's ownership structure would be similar to Comcast's and that Mark Lazarus, currently chairman of NBCUniversal's media group, would be named CEO.Comcast declined to comment when reached by Business Insider.Comcast said it was exploring spinning off its cable networks late last month, with BI's Peter Kafka writing that the move served as yet another signal of cable TV's decline.

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BING NEWS:
  • Comcast is getting rid of most of its cable channels
    Comcast plans to break off some of its NBCUniversal cable channels, including MSNBC, CNBC, E!, Oxygen, and the Golf Channel, the WSJ reported.
    11/19/2024 - 3:00 pm | View Link
  • Comcast to spin off MSNBC, CNBC and cable channels
    Comcast's cable channel spinoff plan is prompting a restructuring that will give NBCUniversal Chief Content Officer Donna Langley more turf and a new home for longtime executive Mark Lazarus.
    11/19/2024 - 11:41 am | View Link
  • How to cut the cord: quitting cable for streaming services
    If you’re tired of paying too much for a cable subscription that doesn’t deliver the shows you want to watch, then it may be time to cut the cord and head for greener pastures with streaming. Unlike ...
    11/17/2024 - 3:07 pm | View Link
  • Comcast to Put MSNBC and Oprah Founded Oxygen Networks Up For Sale in Cable TV Sell Off
    Comcast, the media powerhouse behind NBCUniversal, is stirring up major buzz in the entertainment industry. The company recently announced that it’s ...
    11/12/2024 - 2:36 am | View Link
  • Comcast says it's thinking of getting out of the cable TV business
    The future of cable TV channels is not looking good, at all. So what if we just got rid of the ones we own? That, in essence, is what Comcast floated to investors on Thursday morning on its ...
    10/31/2024 - 8:25 pm | View Link
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