Comcast considers spinning off cable networks 'to play some offense' amid industry turmoil [Yahoo! Finance Canada]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Yahoo! Finance Canada
Comcast ( CMCSA ) said Thursday that it has started exploring spinning off its cable networks into a separate company. The development comes as the media industry undergoes massive disruption, with more consumers cutting the cord, or dropping their pay-TV packages. "There are a lot of questions to which we don't have answers, so we want to do the work," Comcast president Mike Cavanagh told investors on the company's third quarter earnings call. He added, "I think the idea of playing some offense when you combine the balance sheet strength that we have, the assets we have, and the management team we have, there may be some smart things to do, and we want to study that." Comcast stock ticked more than 2% higher in early trading on the heels of the report, which saw the company beat on both the top and bottom lines. Comcast Corporation (CMCSA) According to Comcast, the possible spin-off would create "a new, well-capitalized company owned by our shareholders." To note, it would
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CMCSA
News
- Comcast considers spinning off cable channels like MSNBC. But analysts have doubts [Yahoo! Finance]Yahoo! Finance
- Comcast's potential cable networks separation will test the appetite for media reconfiguration [MSNBC.com]MSNBC.com
- 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
CMCSA
Earnings
- 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