Comcast is offloading its cable properties. Other media companies could do the same. [Yahoo! Finance Canada]
Comcast Corporation - Class A (CMCSA)
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Source: Yahoo! Finance Canada
And it's likely others in the industry will make similar moves. The legacy media giant announced the spin-off on Wednesday after teasing the possibility just a few weeks prior. At the time, the company said it wanted to "play offense" in order to combat an industry burdened by increased cord cutting. "It does make sense to split out the linear assets, or most of the linear assets," Bank of America analyst Jessica Reif Ehrlich said on Yahoo Finance's Market Domination following the news. "All of the traditional media companies are thinking of what assets they need to own to grow going forward and what they should divest." The spun-off company, dubbed SpinCo for now, will house most of NBCUniversal's cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY, and the Golf Channel. Comcast will maintain ownership of its NBC broadcast network, including NBC News, along with its Peacock streaming service. The Bravo channel, which provides key original programmi
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CMCSA
Earnings
- 10/31/24 - Beat
CMCSA
Sec Filings
- 11/7/24 - Form 4
- 11/6/24 - Form 144
- 11/5/24 - Form 4
- CMCSA's page on the SEC website