Shake Shack Takes to the Sky on Delta

Comcast is planning to spin off most of its cable television channels, including MSNBC, CNBC, USA, Oxygen, E!, Syfy, and the Golf Channel.

Transcript

00:00The cable landscape continues to change in real time.

00:03Comcast, planning to spin off most of its cable television channels,

00:08including MSNBC, CNBC, USA, Oxygen, E! Sci-Fi, and The Golf Channel,

00:15while keeping NBC, Bravo, and Peacock under NBCUniversal.

00:20The spin-off, called SpinCo, is expected to generate $7 billion in revenue

00:26and will focus on growth in NBCUniversal's remaining assets.

00:30Comcast aims to position the new company as a leader

00:33in the changing cable network landscape with a strong portfolio

00:37and significant financial flexibility for future growth.