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Variety

Comcast Exploring Spinoff of Cable Networks Into New Company

Variety
Summary
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76% Informative

Comcast is considering spinning off NBCUniversal 's cable networks into a new publicly traded company.

NBCU ’s cable networks include Oxygen , Bravo, MSNBC , CNBC , USA , E! Syfy, Universal Kids and Universo .

Comcast president Mike Cavanagh announced the exploratory plans on the Q3 earnings call.

“We are experiencing the effects of the transition in our video businesses, and have been studying the best path forward for these assets,” he said.