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NEWS Comcast will announce the spinoff of cable networks Wednesday, sources say
Comcast on Wednesday announced the spinoff of its cable networks, including CNBC, MSNBC and E!.
"As a standalone company with these outstanding assets, we will be better positioned to serve our audiences and drive shareholder returns in this incredibly dynamic media environment across news, sports and entertainment," Lazarus said in the release. Film provided two of the top three titles at the worldwide box office in 2023, including Best Picture winner Oppenheimer and has continued its momentum in 2024 with critically and commercially acclaimed hits, with Wicked on the horizon. When you combine our assets, talented management team, and balance sheet strength, we are uniquely positioned to set both SpinCo and NBCUniversal up to play offense in a complex and evolving media landscape.
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