Comcast is moving forward with the spinoff of its cable networks, including CNBC, MSNBC and E!. The spinoff is expected to take about a year, according to a company memo. Bravo is not part of the spinoff.

Comcast is spinning off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.

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