Comcast will announce the spinoff of cable networks Wednesday

Comcast plans to spin off its cable network channels, including E!, Syfy, Golf Channel, USA, and Oxygen, into a separate entity, according to sources.

Bravo will remain with NBCUniversal due to its ties to Peacock.

The process, expected to take about a year, involves resolving licensing agreements and determining collaborations with NBC News for MSNBC and CNBC.

Mark Lazarus, NBCUniversal’s media group chairman, is expected to lead the new entity, CNBC has reported.

read more: https://www.cnbc.com/2024/11/19/comcast-will-announce-the-spinoff-of-cable-networks-wednesday-cnbc-source-says.html

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