Comcast is planning to create a new publicly traded company that will house most of its cable television networks. This move will separate profitable channels like MSNBC and CNBC from NBC News. The spinoff, set to be announced on November 21, 2024, will include channels such as USA, Oxygen, E!, Syfy, and Golf Channel. The new company will have a similar ownership structure to Comcast but will be managed independently by NBCUniversal Media Group chairman Mark Lazarus as CEO. Meanwhile, Comcast’s NBCUniversal division will retain assets like Bravo, the NBC network, Peacock streaming service, NBC Sports, and Universal theme parks.

Person: Mark Lazarus

Company Names: Comcast, NBCUniversal Media Group

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