Reported about 15 hours ago
Comcast plans to spin off most of its cable networks into a separate company, including notable channels like USA Network and NBC. Analyst Jessica Reif Ehrlich from Bank of America suggests that this move aligns with industry trends, as traditional media companies reassess their assets for growth. She highlights that the current challenges in cable networks may lead to consolidation in the industry, with the spin-off potentially generating efficiencies and improved financial performance.
Source: YAHOO