Connect with us

Hi, what are you looking for?

Tech News

Comcast is spinning off its cable TV business

Comcast’s Xfinity Mobile Service Introduces New 5G Unlimited Data Options
Photo by Jeff Fusco/Getty Images for Comcast

Comcast is splitting from its NBCUniversal television arm as the market of cable TV customers shrinks in the age of cord-cutting and TikTok.

The US media giant announced plans on Wednesday to spin off the bulk of its cable network channels — including CNBC, MSNBC, Universal Kids, USA Network, E!, Oxygen, Golf Channel, and Syfy — into a separate company. Comcast will retain its reality TV darling Bravo and the Peacock streaming service within its NBC TV business.

The new, currently untitled venture (dubbed “SpinCo” as a placeholder) will be led by NBCUniversal chairman Mark Lazarus, with NBCUniversal’s CFO Anand Kini serving as both its financial and operating head. Non-cable services including Fandango, Rotten Tomatoes, GolfNow, and…

Continue reading…

You May Also Like

World News

Not all news from the gold and monetary fronts is bad. In fact, gold made a number of advancements in seven states, including exemptions...

World News

Post Content

Editor's Pick

Gene Healy Like most libertarians—and most sane Americans—David Friedman looks upon the Trump v. Harris contest with dread: My opinion of the election is...

Editor's Pick

With cryptocurrencies evolving from speculative assets to a global economic force, investors face a critical question: how can you filter out the noise to...