Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
Comcast is planning to announce the spinoff of its cable networks, including CNBC, MSNBC and E!, on Wednesday, according to a source familiar with the matter.
TV networks MSNBC and CNBC to be spun off by Comcast
The networks are still profitable and generated a combined revenue of $7bn (£5.5bn) in the year to the end of September. Comcast will keep NBC broadcast television network, its film and television studios and its theme parks,
Comcast will announce the spinoff of cable networks Wednesday, sources say
Comcast is moving forward with the spinoff of its cable networks, including CNBC, MSNBC and E!, according to people familiar with the matter. Sources say the spinoff will be announced Wednesday and is expected to take about a year to complete.
Comcast to proceed with plans to spin off its cable channels, sources say
Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution.
Comcast Reportedly Plans To Spin Off NBCUniversal Cable TV Networks
Comcast (CMCSA) is planning to spin off its NBCUniversal cable TV networks, a move that could result in the separation of assets such
Comcast stock gains on report that NBCUniversal cable networks will be spun off
Comcast Corp. stock rose in after-hours trading Tuesday after the Wall Street Journal reported the company is expected to announce a plan to spin off most of its cable TV networks.
Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
Comcast is getting rid of most of its cable channels
Comcast plans to break off some of its NBCUniversal cable channels, including MSNBC, CNBC, E!, Oxygen, and the Golf Channel, the WSJ reported.
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