Reported 26 days ago
Comcast is exploring the possibility of spinning off its cable networks, like CNBC and MSNBC, due to a decline in traditional TV viewership as consumers shift to streaming. This potential spin-off excludes NBC and Peacock, the streaming service for which Comcast is seeking growth partnerships. The move follows a successful third quarter bolstered by high ad revenue from the Paris Olympics and blockbuster film releases, with total revenue reaching $32.07 billion, beating expectations. Despite some declines in broadband and video subscribers, the overall results were encouraging.
Source: YAHOO