Comcast, the media conglomerate that owns NBC News, announced a plan to spin off most of its cable television networks into a separate publicly traded company.

Comcast is waving farewell to its less-important NBCUniversal television assets, as MSNBC, CNBC, USA Network, Oxygen, E!, Syfy, and Golf Channel - and holdings like Fandango, Rotten Tomatoes, GolfNow,

The new publicly traded company is set to debut next year, with a bundle of channels that also includes Oxygen, E! and Syfy.