Comcast announces it will spin off NBCUniversal and Sky from cable business

Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies.
The Hollywood Reporter

Comcast’s Cable Channels Spin-Off Gets Mixed Wall Street Reaction

“We see a real opportunity to invest and build additional scale and I'm excited about the growth opportunities this transition will unlock," Mark Lazarus, who will lead the new firm, promised. By Georg Szalai Global Business Editor “A real opportunity ...
Courthouse News Service

Comcast to spin off cable networks, once star performers for the entertainment giant

MSNBC election coverage is displayed on screen as supporters wait for Democratic presidential candidate former Vice President Joe Biden to speak early Nov. 4, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik, File) WASHINGTON (AP) — Comcast will spin ...
CNBC

Comcast's cable network spinoff may be a signal to the media industry for necessary change

Lots of uncertainty surrounds Comcast's spinoff of its NBCUniversal cable portfolio. Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary. Comcast shares posted modest gains Wednesday.
The Hollywood Reporter

Comcast to Unveil Spinoff Plan for Cable Networks

MSNBC, CNBC, Syfy, E!, Oxygen, Golf Channel and USA Network will move to a spinoff company, while Bravo will stay with NBCUniversal. By Erik Hayden Executive Editor, Business In a sign of just how embattled the pay TV business is, a Comcast idea to spin ...

Comcast says service restored after widespread outage

Comcast service has been restored Monday after an outage earlier in the day affected Xfinity customers across the country.