MSNBC, CNBC, Syfy, E!, Oxygen, Golf Channel and USA Network will move to a spinoff company while Bravo will stay with NBCUniversal.
idea to spin off its cable channels went from Wall Street trial balloon to game plan in just a few short weeks.
“We are now exploring whether creating a new well-capitalized company, owned by our shareholders and comprised of our strong portfolio of cable networks, would position them to take advantage of opportunities in the changing media landscape and create value for our shareholders,” Comcast president Mike Cavanagh told analysts during its earnings call on Oct. 31. “We are not ready to talk about any specifics yet, but we’ll be back to you as and when we reach firm conclusions.
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