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Comcast Announces Spin-Off of Most Cable Networks Into New Company to ‘Set These Businesses Up for Future Growth,’ CEO Brian Roberts Says Todd Spangler November 20, 2024 at 8:08 AM
Comcast is considering spinning off its cable network business, which includes USA Network, Syfy and Bravo, as the media giant grabbles with the changes in the linear television industry.
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Comcast is spinning off into a new company many of the cable television networks that were once at the entertainment giant's heart as consumers increasingly swap out their cable TV subscriptions ...
“The writing is on the wall that the cable TV business is a dwindling business,” Verna said. “That’s why Comcast did what it did today.” Mike Proulx, a vice president and research director of Forrester, added that the spin-off marks “simply a reconciliation of assets that detract from the company’s inevitable all streaming future.”
Comcast said in late October that it had begun to explore spinning off its cable TV networks into a separate business, sending the stock up more than 3% the same day, Yahoo Finance’s Alexandra ...
Comcast is spinning off into a new company many of the cable television networks that were once at the entertainment giant's heart as consumers increasingly swap out their cable TV subscriptions ...
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.