Loading...
Loading...
Browse all stories on DeepNewz
VisitComcast to Spin Off NBCUniversal Cable Networks Including MSNBC and CNBC, Valued at $7 Billion
Nov 19, 2024, 11:18 PM
Comcast is set to announce a significant restructuring of its NBCUniversal division, moving forward with a plan to spin off its cable TV networks, which include prominent channels such as MSNBC, CNBC, USA, Oxygen, E!, Syfy, and Golf Channel. This decision marks a shift in strategy for Comcast, which previously viewed its cable assets as a core component of its business. The spinoff is valued at approximately $7 billion and will be led by Mark Lazarus as CEO. The announcement is expected on Wednesday, November 22, 2024, as Comcast aims to extract value from its declining TV assets amid a changing media landscape.
View original story
Markets
Yes • 50%
No • 50%
Official announcement from Comcast or relevant financial news outlets
No • 50%
Yes • 50%
Official announcements from Comcast or relevant news outlets
No • 50%
Yes • 50%
Official announcements from MSNBC, CNBC, or Comcast
Less than $5 billion • 25%
More than $9 billion • 25%
$7 billion to $9 billion • 25%
$5 billion to $7 billion • 25%
Financial reports and market analysis from reputable financial news outlets
Other • 25%
Advertising • 25%
Subscription fees • 25%
Licensing deals • 25%
Financial reports and statements from the spun-off company
MSNBC • 25%
CNBC • 25%
USA Network • 25%
Other • 25%
Viewership data from Nielsen or other reputable audience measurement services