The new corporate home for cable channels like CNBC, MS Now and USA Network has started off down over 25% following its separation from Comcast. ...

Comcast has entered into a new employment agreement with Michael Cavanagh in connection with his upcoming appointment as co-chief executive officer alongside Brian Roberts starting January 2. The contract secures Cavanagh’s employment through January 1, 2029, the company said in an SEC filing. Cavanagh will be entitled to an annual base salary of $2.75 million and his annual performance-based cash bonus target will continue to be 300% of his base salary. Cavanagh also received an award of performance-based ...