US entertainment giant Comcast has announced a plan to spin off the bulk of its fading NBC Universal cable TV networks, including MSNBC and CNBC, as the company said it is repositioning itself for growth in the streaming era.
Shares of the company were off less than 1?ter the announcement that it would separate its entertainment and news channels, including USA Network, Oxygen, E!, Syfy and Golf Channel, into a new, publicly traded company.
Comcast will retain the core of NBC Universal's entertainment assets, including its NBC broadcast network, sports and news, its film and television studios, and the Bravo network, which are seen as fueling growth for its Peacock streaming service. It also plans to keep the expanding theme park business.
comments powered by Disqus
All feeds
