Reported 26 days ago
In a bid to adapt to the rapidly changing media landscape, Comcast is considering spinning off its cable networks into a separate company, which would include properties like Bravo and CNBC, but not its NBC broadcast or Peacock streaming service. The decision comes as consumer preferences shift towards streaming, impacting traditional cable revenue. Comcast's president, Mike Cavanagh, emphasized the need for strategic exploration to leverage the company's strong balance sheet and assets, and noted potential partnerships in the streaming space could also be on the table.
Source: YAHOO