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Comcast to spin off cable networks, once star performers for the entertainment giant
Techxplore· 2024-11-21 00:25
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The symbol for Comcast appears on a screen at the Nasdaq MarketSite, on Oct. 1, 2019 in New York. Credit: AP Photo/Richard Drew, File Comcast will spin off many of its cable television networks that were once at the heart of the entertainment giant, with people increasingly swapping out their cable TV subscriptions for streaming ...
Comcast spins off its cable channels into separate company as it looks for growth
TechCrunch· 2024-11-21 00:14
Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a new growth opportunity.On Wednesday, the company announced that it’s spinning off NBCUniversal’s cable television networks — such as CNBC, E!, Golf Channel, MSNBC, Oxygen, SYFY, and USA Network — into a separate publicly traded company. It’s also including digital assets like GolfNow, Fandango, Rotten Tomatoes, and Sports Engine. This bold spin-off strate ...
Here's Why Comcast (CMCSA) is a Strong Momentum Stock
ZACKS· 2024-11-20 23:55
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Comcast To Spin Off NBCUniversal Cable Channels
Investopedia· 2024-11-20 23:10
KEY TAKEAWAYSComcast said Wednesday that it is planning to spin off its NBCUniversal cable TV networks, including channels like MSNBC, CNBC, and E!, carving out a business that has been hurt by cord cutting and the rise of streaming.The cable assets together generated about $7 billion in revenue in the 12 months ended Sept. 30, Comcast said.Mark Lazarus, current chair of NBCUniversal Media Group, was named CEO of the new company. Comcast (CMCSA) said Wednesday that it is planning to spin off its NBCUniversa ...
Comcast doesn't want its cable TV networks anymore
Business Insider· 2024-11-20 21:25
Advertisement Cable networks used to be incredibly valuable. But in the streaming and cord-cutting era, they are in decline.That's why Comcast is ditching almost all of its cable networks into a new, stand-alone company.It would like to convince other cable TV owners to join in.One of the country's biggest cable TV companies doesn't want its cable networks anymore. Would you like them?That's the pitch Comcast is making Wednesday as it announces plans to split off almost all of its cable TV networks into a ...
Comcast to spin off MSNBC, CNBC entertainment channels as streaming dents cable: sources
New York Post· 2024-11-20 09:48
Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution.The company last month told investors it was evaluating hiving off its cable networks into a separate company owned by Comcast’s shareholders.“We think there could be an opportunity to play some offense,” said Comcast President Michael Cavanagh said during the company’s third-qua ...
Comcast Stock Climbs on Anticipation of $7B Spinoff of NBCUniversal Cable Networks
Investopedia· 2024-11-20 08:55
文章核心观点 - 康卡斯特公司预计周三宣布剥离其美国全国广播公司环球有线电视网络的计划 这一消息使公司股价在周二盘后交易中上涨 该剥离可能有助于精简公司运营 [1][2] 根据相关目录分别进行总结 股价表现 - 康卡斯特股价在周二盘后交易中接近上涨3% 但从年初到周二收盘下跌了约3.5% [4] 剥离计划相关 - 预计剥离将耗时约一年完成 可能有助于精简娱乐巨头的运营 并更好地为美国全国广播公司环球公司的剩余资产定位增长 [3] - 被剥离资产在截至9月30日的12个月内创造了约70亿美元的收入 包括MSNBC和USA等频道 [2] - 美国全国广播公司环球媒体集团现任主席马克·拉扎勒斯预计将被任命为新公司的首席执行官 [3] - 康卡斯特于2011年收购了美国全国广播公司环球公司51%的股份 并于2013年以167亿美元收购了其余股份 [3]
It looks like there's a big shake-up at Comcast coming
Business Insider· 2024-11-20 08:45
Advertisement Comcast plans to spin off some NBCUniversal cable channels. The planned spinoff includes MSNBC, CNBC, E!, and Oxygen, among others.NBC, Bravo, and the streaming service Peacock would not be spun off under the plan.Comcast is planning to break off some of its cable television channels. The plan to spin off some NBCUniversal channels includes MSNBC, CNBC, USA, Oxygen, E!, Syfy, and the Golf Channel, while NBC, Bravo, and the streaming service Peacock would remain under NBCUniversal, a source cl ...
NBCUniversal Split: Comcast To Spin Off Cable Channels Under Mark Lazarus; Donna Langley Consolidates Power, NBC, Peacock & Bravo Stay Put
Deadline· 2024-11-20 08:37
Putting Donna Langley firmly in the corporate driver’s seat, Comcast boss Brian Roberts has also decided it’s time for NBCUniversal to shed some cable channel weight. Tomorrow, Comcast is set to reveal its long term plan to carve off cable channels MSNBC, CNBC, E!, Syfy, Golf Channel, Oxygen and USA into a new and separate company. The as-yet-unnamed venture will be run by current NBCU Media Group boss Mark Lazarus as CEO. NBCU CFO Anand Kini is on board as a supersized CFO and COO for the new company. S ...
Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
CNBC· 2024-11-20 07:37
关于Comcast公司 - 公司将推进其有线网络频道的分拆 消息人士向CNBC的Julia Boorstin透露预计分拆将耗时约一年 公司最早可能于周三发布公告 公司曾在10月的季度财报中表示正在考虑拆分有线网络 [1] - 分拆最初由《华尔街日报》报道 [2]