Why Network TV Is Actually About to Become a “Vast Wasteland”
Why Network TV Is Actually About to Become a “Vast Wasteland”
admin 2024/11/24 23:53Comcast’s spinoff of its properties signals the accelerating decline of traditional TV—and a brutal reckoning for the media industry in the new Trump era.
On Tuesday, the notorious telecommunications firm Comcast confirmed that it would follow through on a dramatic proposal it made to investors last month: to officially sell off almost all of its cable.
On Tuesday, the notorious telecommunications firm Comcast confirmed that it would follow through on a dramatic proposal it made to investors last month: to officially sell off almost all of its cable TV properties in a $7 billion deal. The purge will affect a large chunk of Comcast’s overall media portfolio, keeping only the core NBCUniversal brand (home to NBC, Peacock, Telemundo, and Universal) and the reality-TV empire Bravo. Meanwhile, over the course of a year, CNBC, E!, Fandango, the Golf Channel, MSNBC, Oxygen, Rotten Tomatoes, Syfy, and USA will all be severed from 30 Rock, packaged into a publicly traded company with the working title “SpinCo,” and overseen by NBCUniversal Media Group chairman Mark Lazarus.
➤➤➤ SEE MORE @ Slate
On Tuesday, the notorious telecommunications firm Comcast confirmed that it would follow through on a dramatic proposal it made to investors last month: to officially sell off almost all of its cable.
On Tuesday, the notorious telecommunications firm Comcast confirmed that it would follow through on a dramatic proposal it made to investors last month: to officially sell off almost all of its cable TV properties in a $7 billion deal. The purge will affect a large chunk of Comcast’s overall media portfolio, keeping only the core NBCUniversal brand (home to NBC, Peacock, Telemundo, and Universal) and the reality-TV empire Bravo. Meanwhile, over the course of a year, CNBC, E!, Fandango, the Golf Channel, MSNBC, Oxygen, Rotten Tomatoes, Syfy, and USA will all be severed from 30 Rock, packaged into a publicly traded company with the working title “SpinCo,” and overseen by NBCUniversal Media Group chairman Mark Lazarus.
➤➤➤ SEE MORE @ Slate
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