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Comcast Stock Climbs on Anticipation of $7B Spinoff of NBCUniversal Cable Networks

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Summary
Nutrition label

81% Informative

Comcast shares gained in extended trading Tuesday following a report the entertainment and media conglomerate is expected to announce plans Wednesday to spin off its NBCUniversal cable TV networks.

The move could mean the separation of assets that together generated about $7 billion in revenue in the 12 months ended Sept. 30 , the Wall Street Journal reported.

Comcast had acquired a 51% stake in NBCUniversal in 2011 , before buying the rest of NBCUniversal for $ 16.7billion in 2013 .

VR Score

83

Informative language

83

Neutral language

74

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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