Comcast to spin off cable assets: Report
Comcast to spin off cable assets: Report
admin 2024/11/20 16:21Comcast, one of the largest media conglomerates in the country, is planning to spin off its cable assets as part of a major shake-up of the company’s business, according to multiple reports.
The plan, which is expected to take as long as a year, would split off the company’s NBCUniversal networks including MSNBC, CNBC, USA, Oxygen, SyFy, E! and Golf Channel from the rest of the parent company’s portfolio.
Those networks generated about $7 billion in revenue over the last year, according to The Wall Street Journal, which was first to report news of the spin-off plans.
The company’s crown jewel streaming service...
➤➤➤ SEE MORE: On The Hill
The plan, which is expected to take as long as a year, would split off the company’s NBCUniversal networks including MSNBC, CNBC, USA, Oxygen, SyFy, E! and Golf Channel from the rest of the parent company’s portfolio.
Those networks generated about $7 billion in revenue over the last year, according to The Wall Street Journal, which was first to report news of the spin-off plans.
The company’s crown jewel streaming service...
➤➤➤ SEE MORE: On The Hill
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