MSNBC Parent Comcast Weighs Spin-off Of Declining Cable Networks
Comcast cmcsa 3. 39% said it is exploring the creation of a separate company for its cable networks and will consider partnerships in streaming, a sign of how profound changes. Comcast, one of the nation’s biggest television companies, said on thursday that it was weighing whether to cleave its cable networks from the rest of the. Nbcuniversal parent comcast corp. Is considering spinning off its cable networks into a separate company as the media giant continues to grapple with massive. Morgan stanley is helping comcast, a cable provider and media company, study scenarios for the networks, the people said.
Comcast is an investor in vox media, the verge’s parent company. Comcast says it may spin off cable networks and seek a streaming partner amid tv. Comcast considers spinning out cable networks as separate company. Comcast is exploring a separation of its cable networks business, president mike cavanagh said. Several industry analysts said that comcast could increase its valuation by divorcing itself from its declining cable networks, as it would help emphasize its burgeoning.
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