Comcast to Spin Off Cable Nets Under CEO Mark Lazarus, Touting “New Growth Trajectory,” Deals
NBCUniversal CFO Anand Kini will become CFO and COO of the new channels company, helping Lazarus develop "an independent strategy" and establishing it "as a potential partner and acquirer."
Media shakeup: Comcast to spin off cable channels MSNBC, USA as ‘cord cutting’ grows
Comcast will spin off many of NBCUniversal's cable television networks, including USA Network, CNBC and MSNBC, into a separate public company. The shift, which comes as more and more people opt for streaming services over traditional cable,
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 to spinoff MSNBC, more cable brands into new company
Comcast, the parent company of NBCUniversal, is announcing a major shakeup in some of its key assets. The company is expected to spin off its cable networks into a separate company and would cleave off some of NBCUniversal’s best-known brands,
Comcast’s Cable Channels Spin Off Gets Mixed Wall Street Reaction
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.
Comcast spins off its cable channels into separate company as it looks for growth
Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a Comcast is spinning off NBCUniversal’s cable television networks into a separate publicly traded company.
NBCUniversal Split: Comcast To Spin Off Cable Channels Under Mark Lazarus; Donna Langley Consolidates Power, NBC, Peacock & Bravo Stay Put
Donna Langley is in the NBCU driver's seat as the Comcast-owned company prepares to spinoff MSNBC & other cable channels ...
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Comcast to spin off cable networks, once star performers at the entertainment giant
Comcast is spinning off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a ...
Comcast Cuts the Cord: 5 Burning Questions About M&A, MSNBC and More
Comcast's decision to separate cable networks from the rest of NBCU will take a year to complete -- and raises thorny issues ...
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CNBC president: We are unique and essential to our audience
CNBC president KC Sullivan sent out the following on Wednesday morning: Team, As you will have seen, Comcast announced that ...
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Comcast Announces Intent To Create Spin-Off Of Select Cable Networks Including USA Network
Comcast Corporation has announced its intention to create a new publicly traded company comprised of a strong portfolio of ...
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Oladips: Drama as Nigerians Mark One-year Anniversary of Rapper Reportedly Dying and Resurrecting
Nigerian rapper Oladips is trending on social media as Nigerians dropped messages about him to mark one year since he ...
Comcast Spins Off MSNBC, CNBC, USA Network, E!, Syfy, Fandango, and Rotten Tomatoes to Form New Company
Comcast is spinning off MSNBC, CNBC, USA Network, E!, Syfy, Fandango, and Rotten Tomatoes to form a new company.
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It’s Official: Comcast To Spin Off Cable Networks, Sees New Standalone Company As “Partner And Acquirer” Of Other Media Assets
Comcast has formally unveiled plans to spin out most of its linear cable networks (except Bravo) to shareholders in a ...