Comcast Greenlights Cable Channels Spinoff

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.