Comcast is spinning off its cable TV business
Photo by Jeff Fusco/Getty Images for Comcast
Comcast is splitting from its NBCUniversal television arm as the market of cable TV customers shrinks in the age of cord-cutting and TikTok.
The US media giant announced plans on Wednesday to spin off the bulk of its cable network channels — including CNBC, MSNBC, Universal Kids, USA Network, E!, Oxygen, Golf Channel, and Syfy — into a separate company. Comcast will retain its reality TV darling Bravo and the Peacock streaming service within its NBC TV business.
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