Comcast to ditch cable TV networks in partial spinoff of NBCUniversal assets
The spinoff company will be "comprised of a strong portfolio of NBCUniversal's cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel along with complementary digital assets including Fandango and Rotten Tomatoes, GolfNow and Sports Engine," Comcast said today.
NBCU execs past and present feel a bit resigned to the fact that the halcyon days of cable TV are over, and that it's all ...
4don MSN
As for what happens next, the best thing SpinCo (yes, we’re going to keep calling it that) has going for it are its ...
5don MSN
NBCUniversal CFO Anand Kini will become CFO and COO of the new channels company, helping Lazarus develop "an independent strategy" and establishing it "as a potential partner and acquirer." ...
Comcast Corporation (NASDAQ: CMCSA) announced Wednesday plans to spin off several major cable television networks and ...
On Wednesday, Comcast announced the birth of a new independent company currently called “SpinCo,” which will be a “tax free ...
An insider tells TheWrap that MSNBC and CNBC throw off $1 billion in profit, leaving dry powder for the new company to invest ...
Comcast’s corporate reorganization means that there will ... is becoming CEO of the newly-formed company of cable networks, ...
Goldman Sachs analyst maintains Buy rating on Comcast Corp with price target of $50. Comcast plans to spin off cable networks ...
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