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Comcast Spins Off Cable Networks, Signaling Major Shift in Media Strategy

  • Comcast plans to spin off its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
  • The new company will include networks like E!, Syfy, Golf Channel, USA, and Oxygen, and the formal announcement is expected on Wednesday.
  • The spinoff aims to provide flexibility for the networks to explore mergers, private equity deals, and other strategic moves to better serve audiences and drive shareholder returns.
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  • 38% of the sources are Center
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