Comcast to spin off MSNBC, CNBC and cable channels
Comcast Corp. is cleaving off a huge chunk of its television portfolio to create a new company composed of its cable channels, including MSNBC and CNBC.The Philadelphia-based cable giant plans to unveil the spinoff as well as a new corporate structure for NBCUniversal on Wednesday morning,
Comcast Plans Massive Cable Spin-Off, Separating USA, MSNBC, Bravo From NBC, Theme Parks
Comcast plans to spin off the bulk of its NBCUniversal cable networks, separating USA, MSNBC, E! and more from the NBC broadcast network
Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company
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. The spinoff is expected to be formally announced on Wednesday.
Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels
The new venture will house channels like E!, USA and MSNBC, and Comcast is set to announce several leadership changes.
Comcast Stock Climbs on Anticipation of $7B Spinoff of NBCUniversal Cable Networks
Comcast shares gained in extended trading Tuesday following a report the company is expected to announce plans Wednesday to spin off its NBCUniversal cable TV networks.
Comcast stock gains on report that NBCUniversal cable networks will be spun off
Comcast Corp. stock rose in after-hours trading Tuesday after the Wall Street Journal reported the company is expected to announce a plan to spin off most of its cable TV networks.
Comcast to Unveil Spin Off Plan for Cable Networks
MSNBC, CNBC, Syfy, E!, Oxygen, Golf Channel and USA Network will move to a spinoff company while Bravo will stay with NBCUniversal.
Comcast Sets Plans to Spin Off Cable Networks, Including MSNBC and E!
The move, which was first reported by The Wall Street Journal, is expected to be structured as a tax-free spinoff to Comcast shareholders that will take around a year to complete. The venture’s ownership structure will see Comcast chairman and CEO Brian Roberts hold a one-third voting stake, though he will not be on the spun-off entity’s board.
Comcast to Spin Off Cable-TV Channels Like MSNBC, USA
TV channels including MSNBC and USA as it looks to reduce its exposure to a business that’s losing viewers and advertisers.
NBCUniversal Split: Comcast To Spin Off Cable Channels Under Mark Lazarus; Donna Langley Consolidates Power, NBC, Peacock & Bravo Stay Put
Donna Langley is in the NBCU driver's seat as the Comcast-owned company prepares to spinoff MSNBC & other cable channels
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Eight injured after cable car crashes at Europe’s highest ski resort
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