Reported 1 day ago
Comcast is advancing its plans to spin off its NBCUniversal cable television networks, including MSNBC and CNBC, into a separate entity for its shareholders. This shift comes as traditional cable television faces challenges from the streaming revolution, with Comcast retaining ownership of NBC, its film and television studios, theme parks, and the Peacock streaming service. The spinoff will include several cable networks such as USA, E!, and Syfy, which have generated significant revenue despite the declining popularity of cable subscriptions.
Source: YAHOO