Los Angeles Times

Behind Comcast’s big TV deal: a bleak picture for once mighty cable industry

When Comcast swallowed NBC and Universal Studios 14 years ago, the sibling cable channels USA Network, Bravo and CNBC were considered diamonds in the rough. USA Network had gained traction with its ...
The Hollywood Reporter

Comcast’s Cable Channels Spin-Off Gets Mixed Wall Street Reaction

“We see a real opportunity to invest and build additional scale and I'm excited about the growth opportunities this transition will unlock," Mark Lazarus, who will lead the new firm, promised. By ...
Deadline.com

Comcast-NBCUniversal Cable Split Draws Mixed Reaction From Wall Street; Stock Stages Late Rally To Post Slim Gain – Update

Shares in Comcast, which are slightly in the red for the year to date, stayed mostly flat Wednesday but staged a late rally, climbing 1.6% to finish at $42.99. Details of the planned spin first ...
Benzinga.com

Comcast's Spin-Off to Boost Broadband and Streaming Growth: Goldman Sachs

Comcast plans to spin off $7B SpinCo, focusing on news, sports, and digital assets to streamline growth. Analyst Michael Ng projects $123.42B in 2024 revenue, maintaining a $50 price target with a Buy ...
The Spokesman-Review

Comcast to spin off cable channels MSNBC, USA

Comcast Corp. plans to spin off cable-TV channels including MSNBC, CNBC and USA, following through on plans first announced last month. The NBC broadcast network and Peacock streaming TV business will ...
CNN

Comcast’s cable networks spinoff raises questions about future of the TV business

Comcast just jump-started a new season of major change across the television industry. And no one quite knows what will happen next. On Wednesday morning, the media giant confirmed that it is ...
Times Union

Comcast moves TV Guide, Asian channels to digital service

Starting Tuesday, the TV Guide Network will no longer be available to analog Comcast cable customers in the Bay Area, as the cable provider continues to clear room on the dial for high-definition ...
TechCrunch

Comcast spins off its cable channels into separate company as it looks for growth

Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a new growth opportunity. On Wednesday, the ...
TheWrap

How Comcast’s Cable Spinoff Could Fuel Media Consolidation | Analysis

Note: This story, originally published Nov. 5, was updated on Nov. 20 to reflect Comcast’s formal plans to spin off its cable networks. Comcast is cutting the cord on its cable network portfolio – a ...
NBC New York

Comcast's cable spinoff to be named Versant, picked to emphasize corporate versatility

Comcast's spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker. The new ...
TheWrap

Comcast to Spin Off Cable Networks Including MSNBC and E! as Linear Continues Decline, Donna Langley Elevated

Comcast is cutting the cord on its declining cable network portfolio – including MSNBC, CNBC, USA, Oxygen, E!, Syfy and Golf Channel – and will spin off the assets into a standalone, publicly traded ...