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

Comcast to proceed with plans to spin off its cable channels

ET BrandEquity | 20/11/2024 05:27 PM | Click to read full article

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.

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