Comcast Stock News

PHILADELPHIA--(BUSINESS WIRE)--The signature costumes of Glinda and Elphaba, as worn by Ariana Grande and Cynthia Erivo in Universal Pictures' cinematic event Wicked, are on display in the Comcast Technology Center in Philadelphia. Universal Pictures' Wicked arrives in theaters November 22, 2024.

Lots of uncertainty surrounds Comcast's spinoff of its NBCUniversal cable portfolio. Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary.

Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2)'s decision to spin off its cable networks and some digital assets into a separate company is a positive strategic step as it may reduce regulatory hurdles for the company to attempt another merger with a large cable peer, analysts at Bank of America believe. The media giant announced on Wednesday it intends to create a new publicy traded company (Spi...

As expected, Comcast announced today they were spinning off a number of cable networks. At their most recent earnings report last month, Comcast said they were considering splitting their cable properties into a separate company.

Weeks after floating a huge trial balloon, Comcast followed through this morning, announcing plans to spin off most of its linear cable networks into a separate company, including such stalwarts as CNBC, MSNBC, USA Network and SyFy.

Comcast has announced plans to spin off select cable networks and digital assets into a separate publicly traded company. Here's what you need to know.

CNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks.

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 platforms.