Reported 1 day ago
Comcast announced plans to spin off several NBCUniversal cable TV networks, including MSNBC and CNBC, as streaming services grow in popularity. The separation comes as profitability in traditional television declines, prompting the media giant to focus on its remaining assets, including sporting and entertainment channels. The spin-off, expected to take a year, may attract private equity firms looking to capitalize on the legacy media market.
Source: YAHOO