Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
Comcast(CMCSA) CNBC·2024-11-19 23:37
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 ...