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News in English (USA) / 20.11.2024 / 19:00

Comcast Announces Major Spin-Off of Cable Networks, Including MSNBC and CNBC

In a significant move, Comcast has revealed its plan to spin off several cable television networks, creating an independent media entity. This action includes the spin-off of prominent channels such as MSNBC, CNBC, USA Network, and others, as the company looks to streamline its operations amid a declining cable subscriber base. The decision has raised questions about the future of the TV business and the implications for legacy networks. As part of this strategy, Comcast intends to retain some channels like NBC and Bravo while elevating key executives to lead the newly formed entity. With this spin-off, Comcast aims to position itself favorably within the rapidly changing media landscape.
Variety, Comcast Corporation, The New York Times, The Wall Street Journal, Business Insider, HuffPost, CNBC, CNN, BBC.com, Hollywood Reporter