Comcast announces plan to spin off TV networks including MSNBC, CNBC to play 'offense' in new media landscape
The yet-to-be-named SpinCo will house most of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY, and Golf Channel. Those networks collectively generated approximately $7 billion in revenue over the past 12 months, Comcast said in its announcement.
Comcast announces spin-off of NBCUniversal cable networks, including MSNBC
Comcast officially announced its plans for a spinoff company comprised of NBCUniversal's cable TV networks and more on Wednesday.
Comcast To Spin Off NBCUniversal Cable Channels
Comcast said Wednesday that it is planning to spin off its NBCUniversal cable TV networks, including channels like MSNBC, CNBC, and E!, carving out a business that has been hurt by cord cutting and the rise of streaming.
Comcast Reshapes Media Empire With Spinoff of Cable Networks
Comcast Corporation (NASDAQ: CMCSA) announced plans on Wednesday to spin off a collection of its NBCUniversal cable networks into a separate, publicly traded company. This significant
Comcast to spin off some cable TV networks
Comcast said on Wednesday it plans to spin off some NBCUniversal cable TV networks, as the rise of streaming prompts the media company to relinquish some of its most prized assets.
Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels
The new venture will house channels like E!, USA and MSNBC, and Comcast also announced several leadership changes.
Comcast To Spin Off Cable Channels Including MSNBC, CNBC, More
Comcast announced its intention to spin off a number of cable channels into a new publicly traded company.
Comcast to proceed with plans to spin off its cable channels, sources say
Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution.
Comcast Plans Major Cable Networks Spinoff, MSNBC And CNBC To Form New Public Company: Report
Comcast Corp is set to announce a significant restructuring of its media empire, spinning off most of its cable television networks including MSNBC and CNBC into a separate publicly traded company.
TV networks MSNBC and CNBC to be spun off by Comcast
The networks are still profitable and generated a combined revenue of $7bn (£5.5bn) in the year to the end of September. Comcast will keep NBC broadcast television network, its film and television studios and its theme parks,
Comcast is getting rid of most of its cable channels
Comcast is planning to break off some of its cable television channels. The plan to spin off some NBCUniversal channels includes MSNBC, CNBC, USA, Oxygen, E!, Syfy, and the Golf Channel, while NBC, Bravo,
Comcast to spinoff select NBCUniversal’s assets into a new public company
Comcast Corporation (NASDAQ:CMCSA) will pursue a tax-free spinoff of NBCUniversal’s portfolio of TV channels and list them as ...
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Stocks to Watch Wednesday: Nvidia, Comcast, Super Micro
↗️ Comcast (CMCSA): The company will likely say Wednesday it is proceeding with a planned spinoff of its NBCUniversal cable ...
Analysts Are Bullish on Top Communication Services Stocks: Criteo SA (CRTO), Comcast (CMCSA)
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Wall Street welcomes WBD's decision to end dispute with NBA positively
Wall Street analysts are mostly positive after Warner Bros. Discovery (NASDAQ:WBD) settled its legal disputes with the ...
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Comcast Stock Falls 1% YTD: How Should You Play the Stock?
Comcast’s CMCSA shares have lost 0.8% year to date against the Zacks Consumer Discretionary sector’s growth of 10.9%. The ...
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Comcast price target raised to $42 from $40 at Macquarie
Macquarie analyst Tim Nollen raised the firm’s price target on Comcast (CMCSA) to $42 from $40 and keeps a Neutral rating on the shares following the Q3 report. The firm remains cautious on the ...
IBM, Disney And Other Large Advertisers Return To Elon Musk's X After A Year-Long Boycott: 'We Super Appreciate'
Elon Musk expressed gratitude as major brands like IBM, Disney, Comcast, and Warner Bros. Discovery resumed advertising on X, following a year-long boycott over brand safety concerns.