Reported about 20 hours ago
Comcast has announced its intention to spin off most of its cable networks, including MSNBC, CNBC, and others, into a new, publicly traded company, aiming to address the challenges posed by decreasing cable subscriptions. This move, described by Comcast's president as setting up both the new entity and NBCUniversal to 'play offense' in a complex media environment, is expected to be completed within a year. The operational changes will include new leadership roles and a focus on the growth of broadband and streaming services, amidst a broader industry shakeup.
Source: YAHOO