News > Comcast to proceed with plans to spin off its cable channels

Comcast to proceed with plans to spin off its cable channels

Universal 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. The company told investors it was evaluating hiving off its cable networks into a separate company owned by Comcast's shareholders. The new venture would be well-capitalised and it would be positioned to acquire other cable networks if the industry consolidates.