From CNBC: 2024-10-31 17:27:32

Comcast is considering separating or spinning off NBCUniversal’s cable networks, focusing on promoting Peacock. Comcast shares rose over 3% after announcing this potential move during their earnings call. This exploration could lead to industry consolidation, with NBCUniversal’s cable networks possibly merging with other media companies. The idea of a cable network rollup has resurfaced in the changing media landscape, with companies like Warner Bros. Discovery and Disney potentially shedding declining cable assets in favor of streaming services. Starz, set to separate from Lionsgate in 2024, might play a role in this media shakeup or private equity firms could show interest in acquiring cable networks for cash.



Read more at CNBC: Comcast tests media industry with potential cable networks separation