Comcast Stock Climbs on Anticipation of $7B Spinoff of NBCUniversal Cable Networks
Comcast(CMCSA) Investopedia·2024-11-20 00:55Key TakeawaysComcast shares gained in extended trading Tuesday following a report the company is expected to announce plans Wednesday to spin off its NBCUniversal cable TV networks. The spinoff could mean the separation of assets that generated about $7 billion in revenue in the 12 months ended Sept. 30, the Wall Street Journal reported.The move could help streamline the entertainment and media conglomerate’s operations. Comcast (CMCSA) shares gained in extended trading Tuesday following a report the entert ...