Comcast's potential cable networks separation will test the appetite for media reconfiguration [MSNBC.com]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: MSNBC.com
Comcastthinking about separating or spinning offThe logic for Comcast is fairly straightforward. NBCUniversal's cable networks aren't growing anymore. The company's energy and focus is on promoting Peacock, NBCUniversal's growing but still money-losing streaming service. Carving out the cable portfolio could placate Comcast investors by removing declining assets from the balance sheet.Comcast shares gained more than 3% on Thursday after the company's third-quarter earnings release and conference call."We are now exploring whether creating a new well-capitalized company, owned by our shareholders and comprised of our strong portfolio of cable networks, would position them to take advantage of opportunities in the changing media landscape and create value for our shareholders," Comcast President Mike Cavanagh said during the call. "We are not ready to talk about any specifics yet, but we'll be back to you as and when we reach firm conclusions."Though executives stressed that the explora
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News
- Comcast considers spinning off cable channels like MSNBC. But analysts have doubts [Yahoo! Finance]Yahoo! Finance
- Comcast considers spinning off cable channels like MSNBC. But analysts have doubts [Los Angeles Times (CA)]Los Angeles Times
- Comcast considering cable network spin-off, includes CNBC, MSNBC [Yahoo! Finance Canada]Yahoo! Finance Canada
- Comcast's potential cable networks separation will test the appetite for media reconfiguration [CNBC]CNBC
- Comcast considers spinning off cable networks 'to play some offense' amid industry turmoil [Yahoo! Finance Canada]Yahoo! Finance Canada
CMCSA
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- 10/31/24 - Beat
CMCSA
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/18/24 - Form CERT
- CMCSA's page on the SEC website