Advertisement Comcast plans to spin off some NBCUniversal cable channels. The planned spinoff includes MSNBC, CNBC, E!, and Oxygen, among others.NBC, Bravo, and the streaming service Peacock would not be spun off under the plan.Comcast is planning to break off some of its cable television channels. The plan to spin off some NBCUniversal channels includes MSNBC, CNBC, USA, Oxygen, E!, Syfy, and the Golf Channel, while NBC, Bravo, and the streaming service Peacock would remain under NBCUniversal, a source cl ...

Corporate Restructuring - Comcast plans to spin off cable channels MSNBC, CNBC, E!, Syfy, Golf Channel, Oxygen, and USA into a new separate company, with the process expected to be completed by late 2025 [1] - The new company will be led by Mark Lazarus as CEO and Anand Kini as CFO and COO [1] - NBC, Peacock, and Bravo will remain with NBCUniversal as part of the streamlining effort [1] - The potential $7 billion new company has already positively impacted Comcast's stock in after-hours trading [1] Leadership Changes - Donna Langley will become chairman of NBCUniversal Entertainment and Studios, reflecting her pivotal role in the company's future growth [4][5] - Frances Berwick, previously reporting to both Langley and Lazarus, will now report solely to Langley [5] - Langley's promotion is seen as a recognition of her leadership capabilities and success with projects like Oppenheimer and Wicked [5] Industry Context - The decision to spin off cable channels is driven by the declining value and viewership of cable, with a focus on creating a leaner and more streamlined core business [3] - Comcast's move aligns with industry trends, as peers like Paramount Global and Warner Bros Discovery have also taken significant write-downs on their cable businesses [5] - The new company aims to capitalize on opportunities in the evolving media landscape and create value for shareholders [5] Strategic Rationale - The restructuring is part of Comcast's broader strategy to adapt to the transition in video businesses and optimize its asset portfolio [5] - The new company will be well-capitalized and owned by shareholders, positioning it to leverage its strong portfolio of cable networks [5]

The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Comcast is moving forward the spinoff of its cable network channels, a source familiar with the matter told CNBC's Julia Boorstin on Tuesday.The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company had announced during its quarterly earnings in October it was considering a split of the cable networks.The spinoff was first reported b ...

Comcast’s (CMCSA) shares have lost 0.8% year to date against the Zacks Consumer Discretionary sector’s growth of 10.9%. The stock has also underperformed the Zacks Cable Television industry and its peers like Naspers (NPSNY) , WideOpenWest (WOW) , and Charter Communications (CHTR) .In the same time frame, shares of NPSNY, WOW and CHTR have gained 33.8%, 33.3% and 1.5%, respectively, against the industry’s decline of 0.5%. This underperformance of CMCSA’s shares can be attributed to sluggish growth in Reside ...

Expansion follows Comcast's $500-million network investment in Indiana over last three yearsINDIANAPOLIS, Nov. 13, 2024 /PRNewswire/ -- Together with the Indiana Broadband Office (IBO) and the Indiana Office of Community & Rural Affairs (OCRA), Comcast is building reliable, high-speed Internet access to unserved and underserved communities in Indiana.The joint $55 million investment will kick off the latest collaborative effort between OCRA, the IBO, and Comcast under Indiana's Next Level Connections broadb ...

The collections range in price points as well, offering consumers affordable and luxury options to show off their love of all things "Wicked."These "Wicked" collaborations cross the spectrum from apparel, accessories, footwear, beauty and costumes all the way to home decor, toys and even one-of-a-kind cars.Universal 's theatrical retelling of the famed Broadway musical is creating buzz ahead of its Nov. 22 release with hundreds of merchandise offerings from dozens of retail partners. The green-and-pink barr ...

Any of my regular readers know that I like to find aspects of a company that my fellow Seeking Alpha authors haven't covered, to avoid making readers sit through repeats of past articles. My Comcast Corporation (Max Greve is a graduate of Northwestern University with a quadruple major in History, Economics, Political Science, and International Studies. Max is a full-time writer and in addition to stock market trends also writes articles on government, current events, macroeconomic trends, and last but not l ...

Broadcast Tunnel in Inverted Colorsgetty“Two roads diverged in a wood, and I—I took the one less traveled by, And that has made all the difference.”- Robert Frost, “The Road Less Traveled”I’m not sure how familiar Robert Frost was with the media business. But after Comcast announced a potential spin-off of its cable networks, from MSNBC to CNBC to USA and more, the company has a lot more than two potential roads to travel. The traditional media business has been staring at these multiple roads for years now ...

Comcast's Mike Cavanagh said the company will explore ditching its cable networks.The company may also look to partner Peacock with a rival streaming service.Wall Street analysts shared their takes on those potential moves, and why they might not make sense. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CMCSA, JNJ, KVUE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considered ...