Comment on Comcast to ditch cable TV networks in partial spinoff of NBCUniversal assets

Comcast to ditch cable TV networks in partial spinoff of NBCUniversal assets

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.

 

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