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We see a real opportunity to invest and build additional scale and I'm excited about the growth opportunities this transition will unlock," Mark Lazarus, who will lead the new firm, promised.

The yet-to-be-named SpinCo will house most of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, ...

The US media giant announced plans on Wednesday to spin off the bulk of its cable network channels — including CNBC, MSNBC, ...

Nvidia stock falls ahead of earnings from the maker of artificial-intelligence chips, while Target misses profit expectations ...

Media giant Comcast officially announced on Wednesday that it is spinning off some of its most well-known cable-oriented ...

Comcast has announced plans to spin off select cable networks and digital assets into a separate publicly traded company.