Reported 1 day ago
Comcast is divesting most of its cable properties, a move expected to be mirrored by other media companies facing challenges in the shifting landscape of media consumption. The spin-off, named SpinCo, will host several NBCUniversal cable networks while Comcast retains its NBC broadcast network and Peacock streaming service. Analysts suggest this could lead to further industry consolidation as traditional media companies reassess their assets in light of declining cable subscriptions and rising streaming competition, potentially positioning SpinCo to acquire underperforming cable properties.
Source: YAHOO