Comcast Mulls Spinning Off Cable TV Business

KEY TAKEAWAYSComcast on Thursday said in its third-quarter earnings call that it is considering spinning off its cable network portfolio into a separate company.The separation would not include the broadcast network NBC or streaming platform Peacock, Comcast president Mike Cavanagh said in the call.The company, which is struggling with cord-cutting, also reported mixed third-quarter results that included a year-over-year loss of 365,000 cable customers. Comcast (CMCSA) on Thursday said in its third-quarter ...