MSNBC parent Comcast weighs spin-off of declining cable networks

NBC-parent Comcast is exploring spinning of its struggling cable networks business, including left-leaning MSNBC, President Mike Cavanagh said Thursday. Cavanagh revealed during the third-quarters earnings call that the media giant is mulling the creation of a “new, well-capitalized company owned by our shareholders and comprised of our our strong portfolio of cable networks.”The cable networks include MSNBC, CNBC, Bravo, E!, Syfy, USA Network and Oxygen True Crime. 3 Comcast president Mike Cavanagh said ...