From CNBC: 2024-11-20 17:26:46

Comcast shares rose after announcing plans to spin off NBCUniversal’s cable networks, excluding Bravo, into a separate entity. The move aims to boost Comcast’s stock by shedding declining assets amid subscriber losses to streaming services. Uncertainty remains, with small cable network revenues and questions about the spun-off company’s success. Wall Street may prefer private equity ownership for declining cable networks. SpinCo could reinvest profits into CNBC and MSNBC or serve as a rollup entity for other cable networks. The motivation behind the spinoff may signal a new phase for the media industry, highlighting the need for consolidation. Comcast’s move could pave the way for future mergers in a changing industry landscape.



Read more at CNBC: Comcast cable networks spinoff emphasizes need for change in media