Comcast To Spin Off Cable Brands Into New Company

November 20, 2024 Media, Television

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News.

The split would cleave off some of NBCUniversal’s best-known brands, including MSNBC, E!, Syfy, Golf Channel, USA, CNBC and Oxygen, which now face the same cord-cutting challenges as many other major cable channels.

NBCUniversal’s broadcast network NBC and the streaming service Peacock would remain with Comcast. Comcast is moving forward with the decision as millions of customers exit the traditional pay TV bundle in favor of streaming.

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Comcast is planning to spin off its cable channels, including MSNBC and CNBC, into a separate company https://t.co/5T1UHZihRN

— CNN Breaking News (@cnnbrk) November 20, 2024