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News in English (USA) / 31.10.2024 / 15:00

Comcast Considers Spinning Off Cable Networks Amid Streaming Strategy Shift

Comcast is actively exploring the possibility of separating its cable networks business into a standalone company. This move aims to allow the company to better focus on expanding its streaming partnerships and addressing the challenges faced in the traditional TV business. President Mike Cavanagh has indicated that the firm may consider a spin-off, particularly following strong third-quarter results. The decision reflects a broader trend in the media industry as companies adapt to changing consumer preferences.
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