Comcast to spin off cable networks, once star performers at the entertainment giant

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Comcast to spin off cable networks, once star performers at the entertainment giant
Mark LazarusU.S. NewsTechnology
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Comcast is spinning off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.

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Comcast will spin off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a separate public company. "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 Wednesday.

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