Witness the iconic Comcast NBC logo proudly displayed on a building in the vibrant city of Los Angeles, California, captured on June 13, 2018.
Photographed by the talented Mike Blake for Reuters.
An insider revealed to CNBC’s Julia Boorstin that Comcast is forging ahead with the spinoff of its esteemed cable network channels.
This anticipated separation is projected to unfold over the course of approximately a year, with an official announcement from the company potentially surfacing as early as Wednesday.
The groundwork for this strategic move was laid during Comcast’s quarterly earnings report in October when they hinted at a potential split within their cable networks division.
The Wall Street Journal was first to break news of this impending spinoff.
Among the notable networks set to be part of this spinoff are E!, Syfy, Golf Channel, USA, and Oxygen according to sources close to the matter. However, Bravo will remain under Comcast’s NBCUniversal umbrella due to its significant presence on Peacock – their popular streaming service.
This intricate process will span about a year as Comcast navigates through potential licensing agreements and determines how MSNBC and CNBC will fit into…
2024-11-19 18:57:46
Post from www.cnbc.com