Comcast to spin off cable assets: Report

Comcast, one of the largest media conglomerates in the country, is planning to spin off its cable assets as part of a major shake-up of the company's business, according to multiple reports.

The plan, which is expected to take as long as a year, would split off the company's NBCUniversal networks including MSNBC, CNBC, USA, Oxygen, SyFy, E! and Golf Channel from the rest of the parent company's portfolio.

Those networks generated about $7 billion in revenue over the last year...