Comcast to ditch cable TV networks in partial spinoff of NBCUniversal assets

Quick Summary:

Comcast to spin off USA, CNBC, MSNBC, and others, will keep Peacock streaming.

Comcast President Mike Cavanagh said in the Q3 earnings call on October 31 that Comcast is "experiencing the effects of the transition in our video businesses and have been studying the best path forward for these assets".

Comcast's total revenue in the 12-month period was about $123 billion.

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Article Details

Author / Journalist: Jon Brodkin

Category: Technology

Markets: United States

Topics: Policy Comcast spinoff Comcast

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 17:21:37 (1 days ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 147 words

Reading Time: 1 minutes read

Sentences: 37 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 23723617

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