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Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
Comcast is planning to announce the spinoff of its cable networks, including CNBC, MSNBC and E!, on Wednesday, according to a source familiar with the matter.
Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC's Julia Boorstin on Tuesday. Bravo will remain part of Comcast's NBCUniversal since its content is heavily featured on streaming service Peacock, one of the people said. The spinoff will take roughly a year as the company figures out whether licensing agreements need to be put in place, and whether MSNBC and CNBC will continue to work with NBC News, two of the people said.
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